Placeholder canvas

No plans to declare national emergency, says Trump amid US-China trade war

Date:

US President Donald Trump said on Sunday he has no plans to declare a national emergency to force businesses to leave China over the latter’s trade practices, saying Washington is getting along very well with Beijing “right now”.

In response to a question by a reporter at the G7 summit on whether he would use the International Emergency Economic Powers Act of 1977, Trump said, “Well, I have the right to. If I want, I could declare a national emergency.”

ALSO READ: PM Modi holds talks with his Bahraini counterpart

But he added, “Actually we’re getting along very well with China right now. We’re talking. I think they want to make a deal much more than I do,” The New York Times reported.

On Friday, Trump had asked American companies to “immediately start looking for an alternative to China,” including shifting manufacturing of their products to the US after Beijing imposed additional tariffs on USD 75 billion worth of US goods.

Asked whether he was having second thoughts on escalating the trade war with China, he said, “Yeah, sure, why not? Might as well.”, but added, “I have second thoughts about everything.”

China had two days ago announced its plans to impose an additional tariff on USD 75 billion worth of US products, in retaliation to Trump’s threats to impose new duties on Chinese imports next month. The new duties would be implemented in two batches – the first from September 1 and the second from December 15, reported South China Morning Post.

(With Agency Inputs)

Click here for Latest News updates and viral videos on our AI-powered smart news genie

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Four Killed, Five Wounded In Stabbing Incident In North Illinois

Redd mentioned that not all of the victims had stab wounds and none of them were shot. She added by saying that they have a suspect in custody

Hope Everyone’s Rights Are Protected: UN On Kejriwal’s Arrest

Delhi CM Kejriwal was arrested by the ED(Enforcement Directorate) on March 21 in the Delhi liquor policy case, days ahead of the Lok Sabha polls

EAM Jaishankar Meets Ukrainian Counterpart Dmytro Kuleba In Delhi

New Delhi: External Affairs Minister, S Jaishankar on Friday...

Rajinikanth’s Thalaivar 171 First-Look Poster Drops

In a series of surprising announcements, fans were first...