Tariff
"Weāre just hoping this doesnāt last a long time."
Beijing had said it would retaliate with punitive measures on U.S. products worth about $34 billion, including soybeans, pork and cotton.
The EU is challenging the legality of the new tariffs and aims to hit U.S. goods with retaliatory measures.
The investigation could lead to new U.S. tariffs similar to those imposed on imported steel and aluminum in March.
WHAT'S HAPPENING
The additional tariffs were being considered āin light of Chinaās unfair retaliationā against earlier U.S. trade actions, Trump said.
Thereās a common thread between last weekās two biggest stories, and it isnāt that the U.S. is winning.
The Trump administration continues to face global criticism over its proposed tariffs on steel and aluminum.
Trump said āreal friendsā of the United States could win waivers from the new steel and aluminum measures.
The protectionist trade policy also threatens jobs in industries from Kentucky bourbon to Wisconsin cranberries.