President Donald Trump is not backing away from recently announced plans to raise tariffs on Chinese goods, despite indicating earlier on Sunday that he was having second thoughts, Treasury Secretary Steven Mnuchin said.
President Donald Trump is not backing away from recently announced plans to raise tariffs on Chinese goods, despite indicating earlier Sunday he was having second thoughts, top administration aides said.
The president confused the situation Sunday when asked by a reporter at the G-7 summit in Biarritz, France, whether he was having second thoughts about ratcheting up the trade war with China.Sign Up "Absolutely," Mnuchin said in an interview from Biarritz. "And to the extent that the Chinese respond again, you can assume the president will consider all his options."
The American business community broadly supports Trump's goals of ensuring China plays fairly in international trade and stops practices that force companies to turn over valuable intellectual property to compete in its huge market. But they are increasingly alarmed by his use of tariffs and other unconventional trade tools to pressure Beijing.
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