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& # 39; I can declare a national emergency & # 39;



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

"In many ways this is an emergency," Trump said at a meeting of G-7 leaders of the ongoing trade clashes between the world's top two economies.

"I can declare a national emergency, I think when they steal and steal and steal intellectual property anywhere from $ 300 billion to $ 500 billion a year and when we have a total loss of almost a trillion dollars a year for years, "Trump said, adding that he has no plans today to call for a national emergency.

"We're really in a good mood in China right now, we're talking. I think they want to make a deal more than I do. I can make a lot of money on tariffs going into the billions. We have not yet gained 1

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

Trump's comments came as he met with British Prime Minister Ister Boris Johnson to kick off the Group of 7 meetings in the French coastal town of Biarritz.

The G-7 gathering cloud, which represents the major industrial hubs in the world, is the tariffs for tariffs 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.

Pool | Getty News | Getty Images

On Friday, Trump said he would increase existing duties by $ 250 billion in Chinese products to 30% from 25% on October 1. What's more, tariffs on another $ 300 billion of Chinese goods, which are coming into effect on September 1, will now be 15% instead of 10%.

Asked if Trump had second thoughts about Friday's move to expand the trade war in China, Trump said "Yup." "I have a second attitude about everything," he added.

Trump then dismissed concerns that leaders in the G-7 and other U.S. allies would pressure him into ending a trade war with China.

"I think they respected the trade war, it had to happen. China has been, well I can only speak for the United States, I can't say what they are doing in the UK and elsewhere , but from the standpoint of the United States what they have done is so outrageous that presidents and administrations have allowed them to take hundreds of billions of dollars every year and put it in China, "Trump said.

"Our country is really good, we have terrible trade deals and it is I who will correct them. The biggest one by far is China," he added.


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