WH clarifies on trade regrets: Pres. Trump meant China tariffs should be higher

News

White House Press Secretary Stephanie Grisham was quick to clarify the US President Trump’s comments in the Washington Post (WaPo) interview, saying that the media misinterpreted Trump’s initial remarks, Bloomberg reports.

Trump said that he had second thoughts about the China trade war escalation.

Grisham said: “The president was asked if he had ‘any second thought on escalating the trade war with China.’ His answer has been greatly misinterpreted. President Trump responded in the affirmative – because he regrets not raising the tariffs higher.” 

Trump on Friday announced he would hike existing tariffs applied to about $250 billion in Chinese goods, to 30% from 25% from Oct. 1. He also said a new round of tariffs on $300 billion in goods will be taxed at 15% from 10%.

Products You May Like

Articles You May Like

Gold Prices Maintain Multi-Month Rally Ahead of September Fed Meeting
NZD/USD holds on to recovery gains at start of the FOMC-day
NZD pop on the GDP data – stops at resistance
ForexLive Americas FX news wrap: Ominous cancellation from China
Custodians Versus Entrepreneurs: Exxon Mobil Versus Facebook

Leave a Reply

Your email address will not be published. Required fields are marked *