Trump is smashing the rules of global trade while Congress stays silent, Jefferey Sachs says
President Donald Trump's bizarre instability was on full display at the G7 Summit in France this weekend. When asked whether he had second thoughts about the recent escalation of the trade war with China, he first answered affirmatively, leading to headlines around the world that Trump had softened his position on China. Hours later, his aide clarified that Trump regretted that he hadn't raised tariffs on Chinese goods even higher. Then at his closing G7 press conference, Trump again struck a conciliatory note, claiming that the Chinese had called US trade officials to return to negotiations, while the Chinese foreign ministry spokesperson said that they were unaware of any such call.