• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

2

Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998

3

Even as Elon Musk calls philanthropy ‘very hard,’ every day Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

1

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

2

Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998

3

Even as Elon Musk calls philanthropy ‘very hard,’ every day Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
PoliticsU.S. Politics

Trump Regrets Not Taxing China More, White House Says

By
Darlene Superville
Darlene Superville
,
Zeke Miller
Zeke Miller
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Darlene Superville
Darlene Superville
,
Zeke Miller
Zeke Miller
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
August 25, 2019, 11:12 AM ET
Add Fortune on Google for similar content.

Pushed to end a trade war with China, President Donald Trump instead upped his pressure on Beijing, saying through a spokeswoman Sunday that his only regret in hiking tariffs is that he didn’t raise them higher.

Just hours earlier, Trump had admitted to having “second thoughts” over a trade dispute that has weighed down the global economy, a top agenda item at a summit in France of the world’s wealthiest economies.

Trump faced a tense reception from his counterparts as they gathered at the annual Group of Seven summit.

Trump suggested during a breakfast meeting with British Prime Minister Boris Johnson that he harbored qualms about the spiraling conflict. “Yeah. For sure,” he told reporters when asked if he had any second thoughts about ramping up tariffs on China after Beijing imposed new tariffs to retaliate against earlier tariff moves by the U.S.

But hours later, White House press secretary Stephanie Grisham issued a statement saying the news media had “greatly misinterpreted” Trump’s response. Grisham said the president only responded “in the affirmative – because he regrets not raising the tariffs higher.”

The comments appeared at first to mark a rare moment of self-reflection by the famously hardnosed leader, and the later reversal fit a pattern of Trump recoiling from statements he believes suggest weakness.

Asked if he had any second thoughts about escalating the U.S. trade war with China, Trump replied: “Yeah, sure. Why not?”

When the reporter sought clarification by asking “second thoughts?” Trump said: “Might as well, might as well.”

Trump then said: “I have second thoughts about everything” when another reporter repeated the original question.

Trump had been trying to use the summit to rally the other leaders to do more to stimulate their economies, as fears rise of a potential slowdown in the U.S. before he stands for reelection in November 2020.

His summit counterparts are trying to convince him to back off the trade conflicts with China and other countries, seeing the disputes as contributing to the overall economic weakening.

They also are pushing to resolve a standoff between the U.S. and Iran over Tehran’s nuclear program and other activities in the Middle East. Evidence of that conflict surfaced when a top Iranian official paid an unannounced visit Sunday to the G-7 summit. The Iranian official was invited by France. It was unclear if the Iranians would have any talks with the American delegation.

The summit began days after Trump responded to China’s announcement Friday that it would slap new tariffs on $75 billion in American goods with more tariffs of his own. Trump also issued an extraordinary threat to declare a national emergency in an attempt to force U.S. businesses to cut ties with China.

Johnson, who praised Trump for America’s economic performance, also chided the U.S. leader for his unbending China policy.

“Just to register a faint sheep-like note of our view on the trade war,” he told Trump. “We’re in favor of trade peace.”

Trump said he had “no plans right now” to follow through on his emergency declaration threat, but insisted he would be within his rights to use a 1977 law designed to target rogue regimes, terrorists and drug traffickers as the newest weapon in the clash between the world’s two largest economies

“If I want, I could declare a national emergency,” Trump said. He cited China’s theft of intellectual property and the large U.S. trade deficit with China, saying “in many ways that’s an emergency.”

Trump then entered the first official summit meeting, initially set as a discussion of foreign policy and security issues. But White House aides claimed he engineered a late change to the summit schedule, adding economic issues to the agenda.

White House officials said Trump planned to press leaders to do more to spur economic growth, as well as to open European, Japanese and Canadian markets to American manufacturers and producers. Trump has imposed or threatened to impose tariffs on all three markets in his pursuit of free, fair and reciprocal trade.

The meeting of the Group of Seven nations — Britain, Canada, France, Germany, Italy, Japan and the U.S. — in the beach resort town of Biarritz comes at one of the most unpredictable moments in Trump’s presidency, when his public comments and decision-making increasingly have seemed erratic and acerbic of late.

Only hours before his arrival in Biarritz Saturday, Trump reissued his threat to place tariffs on French wine imports to the U.S. in a spat over France’s digital services tax; the European Union promised to retaliate. That was the backdrop for an impromptu two-hour lunch with French President Emmanuel Macron outside the opulent Hotel du Palais.

Trump on Sunday disputed reports of friction with other G-7 leaders, saying he has been “treated beautifully” since he arrived.

But cracks emerged moments later after the French government said the leaders had agreed at Saturday’s dinner that Macron would deliver a message to Iran on behalf of the group. Trump disputed that he had signed off on any such message. “No, I haven’t discussed that,” he told reporters during a bilateral meeting with Japanese Prime Minister Shinzo Abe. “No, I haven’t.”

Macron, in recent months, has tried to play intermediary between the U.S. and Iran, as tensions flare over Iran’s nuclear program and the Trump administration’s increasingly restrictive sanctions on that country.

The annual G-7 summit has historically been used to highlight common ground among the world’s leading democracies. But in a bid to work around Trump’s impulsiveness, Macron decided to break from tradition and not issue a formal joint statement at the end of the summit.

More must-read stories from Fortune:

—Will gaffes hurt Biden’s chances of a 2020 win? Strategists are divided
—These are the 2020 senate races to watch
—What is BDS? Boycott, Divestment, and Sanctions explained
—When does Congress reconvene? August recess, explained
—Trump thinks he is winning the trade war, but the data tell a different story
Get up to speed on your morning commute with Fortune’s CEO Daily newsletter.

About the Authors
By Darlene Superville
See full bioRight Arrow Button Icon
By Zeke Miller
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

Trump allies double down on efforts to reshape Federal Reserve
PoliticsFederal Reserve
Trump allies double down on efforts to reshape Federal Reserve
By Saleha Mohsin, Joshua Green and BloombergJuly 4, 2026
2 hours ago
Ukrainian drones target more Russian oil infrastructure as fuel crisis adds political pressure on Putin, who shrugs off attacks as ‘not critical’
EnergyUkraine invasion
Ukrainian drones target more Russian oil infrastructure as fuel crisis adds political pressure on Putin, who shrugs off attacks as ‘not critical’
By The Associated PressJuly 4, 2026
3 hours ago
usa
North Americahistory
Before independence, America tried — and failed — to conquer Canada
By Sarah M.S. Pearsall and The ConversationJuly 4, 2026
4 hours ago
p
Politicshistory
69% of Americans think the founders would be disappointed in democracy today. A French philosopher predicted why
By Robert A. Ballingall and The ConversationJuly 4, 2026
4 hours ago
t
PoliticsWhite House
Trump White House can reinstall its sanitized history of slavery at George Washington’s house, appeals court rules
By Geoff Mulvihill, Nick Lichtenberg and The Associated PressJuly 4, 2026
5 hours ago
ring
PoliticsTariffs
Belgium got its tariffs cut. Then it sent Trump a diamond Superman ring
By Sam McNeil and The Associated PressJuly 4, 2026
5 hours ago

Most Popular

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs
Law
Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs
By Wyatte Grantham-Philips and The Associated PressJuly 2, 2026
2 days ago
Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
AI
Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
By Nick LichtenbergJuly 3, 2026
1 day ago
Even as Elon Musk calls philanthropy ‘very hard,’ every day Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
Success
Even as Elon Musk calls philanthropy ‘very hard,’ every day Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
By Preston ForeJuly 4, 2026
10 hours ago
Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
Economy
Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
By Sasha RogelbergJuly 2, 2026
2 days ago
$25 billion CEO says one-hour interviews are a waste of time—he puts candidates through six hours of tests and wants them to order wine at lunch
Success
$25 billion CEO says one-hour interviews are a waste of time—he puts candidates through six hours of tests and wants them to order wine at lunch
By Orianna Rosa RoyleJuly 3, 2026
1 day ago
On Wall Street, analysts increasingly don’t believe the U.S. government’s 'misleading' job numbers
Economy
On Wall Street, analysts increasingly don’t believe the U.S. government’s 'misleading' job numbers
By Jim EdwardsJuly 3, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.