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G7 Summit: Trump and other leaders discuss concerns about global economy



President Trump regretted for the first time on Sunday that his trade war with China had become an international concern, answering "yes" when a reporter asked if he regretted the way they had Playing Things,

Asked if he was rethinking how things turned into severe economic sanctions between the two countries, Trump replied, "Yes, surely why not. It may as well. It may as well. I have second thoughts about everything. "

In recent days, China closed new tariffs on US goods, and Trump responded by cutting tariffs by more than $ 500 billion on Chinese goods. These actions alarmed investors and raised fears that prolonged opposition could lead to a global recession.

But Trump did not want to back down, saying "this should happen." He accused China of unfair commercial practices that he believed "

" I think they want to bargain a lot more than I do. "Trump said before breakfast with British Prime Minister Boris Johnson.

In a brief note, Johnson actually has a problem with Trump's tactics.

" We believe that, overall, Britain has gained massively over the last 200 years of free trade, " says

Trump and Johnson are in France for a Group of Seven Meetings, it Another meeting of world leaders where they usually discuss pressing issues. For the time being, leaders seem far from Trump's approach to trade, but the US president has complained about the press coverage of his meetings so far, presenting his interactions as very successful and heartfelt.

" Well, we have many good meetings, Leaders get along very well, and our country, economically, is doing great ̵

1; the tales of the world! , "He wrote on Twitter.

This was one of two Twitter posts in which Trump claimed that the power of the US Economy has been the subject of much talk here, though none of the other leaders publicly made similar comments to confirm his claim.

Sunday was defined as a major day for each of the leaders as they engaged in thorny discussions about a failed global economy.

After the breakfast between Trump and Johnson, leaders also need to hold a roundtable on the economy, which will give them a concrete opportunity to voice their concerns.

Trump has sometimes boasted that the US economy is performing much better than other countries, and said that there is a global recession that is hurting most of the major countries except the United States. Other leaders have said Trump's trade war triggers conquest of the global supply chains and there is evidence that the US economy is slowing down much faster than expected.

Only last week, Trump wandered wildly into his approach to the economy, saying he was considering tax cuts, then said no tax cuts were needed, and then said Saturday that he planned to continue cutting taxes. taxes in 2021.

Trump's attempt to create a counter-narrative at the summit came as other world leaders, in public statements described global dynamics as in a state of crisis. French President Emmanuel Macron took Trump aside when he said at lunchtime together that they should discuss ways to deal with growing trade tensions.

Johnson also said he would push Trump to de-escalate trade tensions, and European Council President Donald Tusk questioned Trump's political motives for dramatically escalating his trade disputes with China in recent days.

The flamboyant responses Trump gave to the summit also contradicted the evaluations of some of his own aides, who expressed anger that French officials had addressed the topic of the summit in areas of little interest to Trump. But other administration officials said privately that the meetings were going well and had a positive tone.

G7 countries include the United States, France, Great Britain, Germany, Italy, Japan and Canada. Meetings are usually limited to a joint statement known as a communique that aims to reflect the shared values ​​and goals of the leaders.

Last year's summit hosted by Canada was a spectacular failure as Trump tried to withdraw. from the communique after the meeting ended because he felt personally abducted by Canada's leader Justin Trudeau's comments.

This year, officials have openly revealed the possibility of not even having a communique, trying to lower expectations at a time when global relations are only worsening.

Trump disrupted numerous international summits and appeared calm by placing other leaders on the sidelines. His slogan, America First, defines a US-targeted program that White House officials say is one of the reasons the president remains very popular with his supporters.

But Trump is under increasing pressure in the country, especially from farmers and other business leaders, to explain his approach to trade. Trump has imposed a series of harsh economic sanctions on Chinese imports, and China has retaliated in almost every step. Relations deteriorated significantly last week, and Trump has promised more punitive measures.

Other G-7 leaders also complain about China's tactics, but question Trump's decision to continue raising tariffs in a way that increases costs for global consumers.

Early on Sunday morning, Trump made his initial summit meeting, saying, "Progress has been made!"

It was not immediately clear what kind of problem he believed the White House was making. [19659026]
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