Updated Aug 25, 2019

China trade war: White House clarifies Trump comments about "second thoughts"

President Donald Trump attends a bilateral meeting at the G7 summit in France. Photo: Dylan Martinez/Pool/Getty Images

White House press secretary Stephanie Grisham clarified remarks that President Trump made at the G7 summit in Biarritz, France, in which he appeared to express regret about the United States' escalating trade war with China.

"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."

Context: Telling reporters that he "might as well" have "second thoughts" about escalating the trade war was viewed as the first time Trump has indicated any regret that the dispute with China had spiraled into an international crisis.

Driving the news: Trump said Friday he would raise tariffs against China, hours after the Chinese government announced it would levy retaliatory duties on earlier U.S. action. China has since vowed to continue fighting the trade war "until the end."

  • Sources briefed on Trump's thinking tell Axios' Jonathan Swan that the president wanted to go harder against China on Friday. Trump's initial impulse was to immediately move on all the tariffs and ratchet them up dramatically.
  • AP reports that the president told reporters Sunday morning he has "no plans right now" to follow through on his emergency declaration threat to force U.S. companies to leave China, but he added: "If I want, I could declare a national emergency."

What they're saying: British Prime Minister Boris Johnson gave his take on the issue at a breakfast with Trump, as the 2 leaders talked up a new trade deal between the U.S. and the United Kingdom, per the Guardian.

"[J]ust to register a faint, sheeplike note of our view on the trade war — we are in favour of trade peace on the whole."
— British Prime Minister Boris Johnson

The big picture: Just before his meeting with Johnson, Trump tweeted that "the Leaders are getting along very well" at the G7 summit, dismissing reports of tension as "false."

Reality check: Reuters notes leaders have spoken out on policy differences including climate change, tariffs and trade protectionism. French President Emmanuel Macron told a news conference this week he would abandon the tradition of a joint final communiqué because it would highlight disagreements, according to the FT.

"I know the points of disagreement with the U.S. If we draft an agreement about the Paris [climate] accord, President Trump won’t agree. It’s pointless."
— French President Emmanuel Macron

Editor's note: This article has been updated with new details throughout.

Go deeper:

Go deeper

Trade war: Trump says China wants to restart negotiations

Photo: Nicholas Kamm/AFP/Getty Images

President Trump said on the sidelines of the G7 summit in Biarritz, France, Monday that China has contacted his administration to request for trade talks to resume.

Go deeperArrowUpdated Aug 26, 2019

Trump trade war: 15% tariffs on Chinese imports take effect

Illustration: Rebecca Zisser/Axios

The Trump administration's trade war with China entered a new phase on Sunday morning as new 15% tariffs on about $110 billion of Chinese imports took effect, Bloomberg reports.

Why it matters: Per the New York Times, the move changes the rules of trade in ways that have no recent historic precedent. "This is the first time U.S. consumers will see the costs quite directly, right as we head into the busiest shopping time of the year," Western Washington University economics professor Edward Alden told the Washington Post. China has introduced retaliatory taxes, the first phase of which came into effect Sunday.

Go deeperArrowUpdated Sep 1, 2019

U.S. and China agree to restart trade talks in D.C.

Photo: Wang Zhao/AFP/Getty Images

China’s Commerce Ministry said in a statement Thursday that its trade representatives will fly to Washington, D.C., in early October to resume stalled trade talks with the United States, the Washington Post reports.

Why it matters: Per Axios' Neal Rothschild, President Trump's trade war has led to bigger trade deficits with China, even though it was intended to improve the trade balance. It's dented consumer sentiment, and the International Monetary Fund has said the prolonged trade tensions were weighing down the global economy.

Go deeperArrowSep 5, 2019