The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.
from 25% on Oct. 1. Additionally, he said, tariffs on another $300 billion of Chinese goods, which start to take effect on Sept. 1, will now be 15% instead of 10%.could declare the escalating U.S.-China trade war as a national emergency"In many ways this is an emergency," Trump said of the ongoing trade battle.
U.S. President Donald Trump attends a bilateral meeting with Britain's Prime Minister Boris Johnson during the G7 summit on August 25, 2019 in Biarritz, France.intensified over the weekendMeanwhile, Trump dismissed concerns that leaders at the G-7 and other U.S. allies would pressure him to end the trade war with China.
"I think they respect the trade war, it has to happen. China has been, well I can only speak for the United States, I can't say what they are doing to the U.K. and other places, but from the standpoint of the United States what they've done is outrageous that presidents and administrations allowed them to get away with taking hundreds of billions of dollars out every year and putting it into China," Trump said during a bilateral with British Prime Minister Boris Johnson.
"Our country is doing really well, we had horrible trade deals and I'm straightening them out. The biggest one by far is China," he added.
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