Virtually everyone present at an Oval Office meeting objected to Trump's decision to impose additional tariffs, according to The Wall Street Journal. O
, said China has not made good on a promise to buy American agricultural goods in large quantities, and as a consequence the U.S. would impose new tariffs starting Sept. 1.on the news Thursday and Treasury yields also fell sharply.
Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer were in Shanghai last week in an effort to restart stalled trade talks. Trump and Chinese President Xi Jinping hadTrump wanted to give farmers, who have been hit hard by the trade war, guarantees that China was boosting its U.S. purchases as he prepared for a rally in Ohio.
Trump ordered new tariffs in response. Virtually everyone present at the Oval Office meeting -- including national security advisor John Bolton, economic advisor Larry Kudlow and acting chief of staff Mick Mulvaney -- objected to his decision, according to the Journal. Only Peter Navarro, a China hawk, did not object.
A nearly two hour debate ensued but the president stood by his argument and eventually his advisors helped him draft a Twitter post on the new tariffs, the Journal reported.
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