The US President Donald Trump changed his mind to make a trade war with China tougher following the criticism from the US counterparts at the G7 summit.
At the meeting, the UK Prime Minister Boris Johnson wondered whether Mt. Trump would reconsider his treatment to tariff escalation against China. Trump said: “Yeah, sure. Why not? <…> Might as well. Might as well … I have second thoughts about everything,” noting its “outrageous” slant on trade. He has blamed China for its policy towards the US, concerning transfer and intellectual ownership issues.
“Presidents and administrations allowed them to get away with taking hundreds of billions of dollars out every year and putting it into China,” he said.
Trump refused the fact of taking his solution of decreasing tariff on which the Democrats had their influence.
“Nobody’s told me that. Nobody would tell me that,” he said.
However, Johnson did not believe and politely commented on Trump’s refusal.
After congratulating Trump on “everything the American economy is achieving”, the prime minister added: “But just to register a faint sheeplike note of our view on the trade war: we’re in favor of trade peace on the whole, and dialing it down if we can. We think that, on the whole, the UK has profited massively in the last 200 years from free trade, and that’s what we want to see … we don’t like tariffs on the whole.”
“How about the last three years?” Trump responded, laughing. “Don’t talk about the last three. Two hundred, I agree with you.”
Trump menaced using his national security authority to claim an extreme position in order to make the US company leave the Asian country and got the disapproving comments convicting Trump of his misuse of his presidential authority for executive control over commercial decision. But Trump promised to act within the framework of his rights.
“I have the right to, if I want,” the president said. “I could declare a national emergency. I think when they steal and take out, and – intellectual property theft, anywhere from $300bn to $500bn a year, and where we have a total loss of almost a trillion dollars a year – for many years, this has been going on – in many ways, that’s an emergency.”
Natalia Veselnitskaya – official website