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"May I declare a national emergency"



SAINT-JEAN-DE-LUZ, France – President Donald Trump said Sunday that he could declare the escalating US-China trade war a national emergency if he wants.

"In many ways, this is an emergency." Trump told the G7 leaders' meeting about the ongoing trade battle between the two best economies in the world.

"I could declare a national emergency, I think when they steal and take out intellectual property theft anywhere from $ 300 billion to $ 500 billion a year and when we have a lot of losses of almost a trillion dollars a year for many years, "Trump said, adding that there was currently no plan to call for a national emergency.

" In fact, we are in good agreement with China. I think they want to make a big deal more than I do. I get a lot of money from tariffs that go into the billions. We have never received 1

0 cents from China, so we will see what happens. "

Trump's comments came when he met with British Prime Minister Ister Boris Johnson to launch a group of 7 meetings in the French offshore city of Biarritz.

Dimming the G7 gathering, which represents the world's largest industrial economies are tariffs "validity" between Washington and Beijing. [19659007] US President Donald Trump attends a bilateral meeting with British Prime Minister Boris Johnson at the G7 Summit on August 25, 2019 in Biarritz, France.

Getty Images News | Getty Images

On Friday Trump says he will raise existing duties on $ 250 billion of Chinese products to 30% from 25% from October 1. What's more – tariffs on another $ 300 billion of Chinese goods that go into effect on September 1 will already be 15%

Asked if Trump had second thoughts about Friday's move to escalate the trade war with China, Trump replied "Yup." "I have second thoughts about everything," he added.

Trump then dismissed fears that G7 leaders and other US allies would pressure him to end the trade war with China.

"I think they respect the trade war, this has to happen. China was, well, I can only talk about the United States, I can't say what they do about Britain and other places, but from the US perspective what they have made outrageous is that presidents and administrations have allowed them to get by, taking hundreds of billions of dollars every year and releasing it to China, "Trump said.

"Our country is doing really well, we have had terrible trade deals and I am correcting them. The biggest so far is China," he added.


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