As Trump left the White House late Friday night, he told reporters that he has the authority to stop U.S. companies from doing business in China amid an escalating tariffs tit-for-tat between the two countries.
“I have the absolute right to do that,” Trump insisted.
Trump also said his trade war with China “is more important than anything else right now just about that we're working on.”
As the president spars with China, a move that threatens to drag down the U.S. economy, he arrives at the Group of Seven Summit angling to start another trade dispute with Europe.
Trump plans to turn up the volume on his accusations of unfair trade practices by America’s closest allies, a favored campaign talking point, according to senior administration officials.
And ahead of the meeting, Trump revived his attacks on Europe.
At a campaign rally in New Hampshire last week, he called out German Chancellor Angela Merkel and accused European countries of “killing us on trade.” At a fundraiser last week in the Hamptons, New York, he suggested that he may put a 100 percent tariff on French wine, according to a Bloomberg report.
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As he was leaving the White House Trump was tepid about his relationship with the group of America's closest allies, calling the leaders he'll be sitting down with “mostly friends.”
Trump has a series of one-on-one meetings lined up Sunday with the world leaders.
At an impromptu photo opportunity over lunch, Macron said they planned to discuss crises in Syria, North Korea, Ukraine and Iran, and acknowledged the disagreement Trump has with the other leaders on climate change.
"We know the divergences we have on climate," he said. "But our cooperation will be to reduce carbon emissions."
Of Macron, Trump said they "have a lot in common” and that "once in a while we go at it just a little bit, not very much."
He wants to look tough on China to appease his base of supporters, but he risks throwing the U.S. into a recession ahead of next year's election, undercutting one of his main selling points for why he deserves a second term.
Trump said Friday he would be putting a new round of tariffs on Chinese goods in retaliation for new Chinese tariffs on $75 billion in U.S. goods. He once again said Chinese policy has caused billions of dollars of lost revenue to U.S. companies. The country, he said, "has been taking advantage of the United States on Trade, Intellectual Property Theft, and much more."
Late Friday, the president tweeted that he has broad powers to regulate U.S. economic interests abroad, urging journalists to "try looking at the Emergency Economic Powers Act of 1977. Case closed!"
The International Emergency Economic Powers Act allows a president to prohibit most trade with a perceived foe "to deal with an unusual and extraordinary threat with respect to which a national emergency has been declared."