WH clarifies on trade regrets: Pres. Trump meant China tariffs should be higher


White House Press Secretary Stephanie Grisham was quick to clarify the US President Trump’s comments in the Washington Post (WaPo) interview, saying that the media misinterpreted Trump’s initial remarks, Bloomberg reports.

Trump said that he had second thoughts about the China trade war escalation.

Grisham said: "The president was asked if he had ‘any second thought on escalating the trade war with China.’ His answer has been greatly misinterpreted. President Trump responded in the affirmative - because he regrets not raising the tariffs higher.” 

Trump on Friday announced he would hike existing tariffs applied to about $250 billion in Chinese goods, to 30% from 25% from Oct. 1. He also said a new round of tariffs on $300 billion in goods will be taxed at 15% from 10%.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD holds on to daily gains ahead of Fed

The EUR/USD pair finished Tuesday at around 1.1070 after falling below 1.1000, as speculative interest gets ready for the US Federal Reserve monetary policy announcement. EUR underpinned by a better market mood.

EUR/USD News

GBP/USD rallies past 1.2500, reaches fresh multi-week highs

The GBP/USD pair settled around the 1.2500 figure, getting a boost from easing demand for the greenback following relief news related to the crude oil market. Brexit uncertainty continues as the UK Supreme Court decides on PM Johnson’s Parliament suspension.

GBP/USD News

USD/JPY drops back to recent range after hitting fresh 6-week highs

The USD/JPY pair spiked to 108.35, reaching the highest intraday level since August 1st and then pulled back to the 108.15/20 area.

USD/JPY News

Gold struggles to find direction, trades in tight range near critical $1,500 handle

The XAU/USD pair struggling to make a decisive move on Tuesday and continues to trade in a relatively tight range around the $1,500 handle.

Gold News

Saudi Arabia's oil output to be fully back online in next 2-3 weeks

Citing two sources briefed on the Saudi oil operations, Reuters reported that Saudi Arabia's oil output would return to normal levels quicker than initially thought.

Read more

Forex MAJORS

Cryptocurrencies

Signatures