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Driving the news: President Trump announced Friday that he would raise tariffs against China, a few hours after the Chinese government announced that it would collect retaliatory rights in a previous action in the United States. United.
- Trump escalated tensions at the G7 summit in France on Sunday, telling reporters that he had "no plans at the moment" to follow through on his emergency declaration that threatens to force the US companies to leave China, but added: "If I want, I could declare a national emergency."
- And after telling reporters that he "might as well" have "doubts" about the escalation of the trade war, White House press secretary Stephanie Grisham said that Mr. Trump "regretted not having increased tariffs".
The big picture: China had vowed to continue to wage the trade war "until the end". According to Reuters, Liu said at a technology conference in southwestern Chongqing: "We believe that the escalation of the trade war is not beneficial to China, the States States and the interests of the world's population ".
Editor's Note: This article has been updated with new details.
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