p Trump signals some regret on China trade war | 2019-08-26

Trump signals some regret on China trade war

26 August, 2019 12:00 AM printer

BIARRITZ: President Donald Trump signaled regret Sunday for an escalating trade war with China, as he faces a tense reception from world leaders meeting amid mounting anxiety of a global economic slowdown at the Group of Seven summit in France, reports AP.

Trump is trying to use the conference to rally global leaders to do more to stimulate their economies, as fears rise of a potential slowdown in the U.S. ahead of his reelection. But Trump’s counterparts, including British Prime Minister Boris Johnson are trying to convince him to back off his trade wars with China and other countries, which they see as contributing to the economic weakening.

The meetings come days after President Donald Trump escalated his trade war with China, following China’s announcement Friday that it would slap new tariffs on $75 billion in American goods.


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