G7 summit: Trump's only regret on China is 'not raising tariffs higher'

Just hours earlier Trump had said that he regrets his trade war with China

G7 summit: Trump's only regret on China is 'not raising tariffs higher' US President Donald Trump arrives for a news conference with Japanese Prime Minister Shinzo Abe at the G-7 summit in Biarritz, France, on Sunday | AP

US President Donald Trump on Sunday rowed back from a suggestion made just hours earlier that he regrets his trade war with China, saying instead he's only sorry not to have raised tariffs even higher.

Trump's spokeswoman Stephanie Grisham told reporters at the G7 summit in the French resort of Biarritz that the president's earlier comments had been misunderstood.

"The president was asked if he had 'any second thought on escalating the trade war with China'. His answer has been greatly misinterpreted," she said.

"President Trump responded in the affirmative—because he regrets not raising the tariffs higher."

Earlier on Sunday, Trump appeared to signal he might be considering a softening of his position in the trade war, which has seen Washington impose steep levies on all Chinese imports—and China responding with billions of dollars of tariffs of its own.

"I have second thoughts about everything," he said.

He also said he would hold off for now on declaring a national emergency which would allow him to invoke an obscure law that he says gives him the power to order US companies out of China.

"I have the right to, if I want. I could declare a national emergency," he said.

"I have no plan right now."

Trump first brandished the possibility of the drastic measure on Friday, when he tweeted that American companies "are hereby ordered to immediately start looking for an alternative to China."

The meeting of the Group of Seven nations Britain, Canada, France, Germany, Italy, Japan and the US 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 on Saturday, Trump threatened anew to place tariffs on French wine imports to the US in a spat over France's digital services tax; the European Union promised to retaliate. That was the backdrop for a late addition to his summit schedule a two-hour lunch with French President Emmanuel Macron outside the opulent Hotel du Palais.

Trump disputed reports on Sunday of tensions with other G7 leaders, saying in a Sunday morning tweet that, "The Leaders are getting along very well."

Many of the summit proceedings will take place largely behind closed doors, in intimate settings designed for the leaders to develop personal relationships with one another. Their first meeting on Sunday was at a circular table in a conference room in the opulent Centre de Congrs Bellevue.

—With inputs from PTI