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International Business Times

Business

Trump Admits Trade War 'Cost' As Markets Hit

Donald Trump United States China European Union Asia

Trump has predicted that trade deals will be made with all countries, including China, which has for now refused to roll back retaliatory tariffs on US goods (Credit: AFP)

Jitters about US tariffs hammered Asian stocks again early Friday as President Donald Trump acknowledged a "cost" to his surging trade offensive against superpower rival China.

The US leader said Thursday that the European Union was "very smart" to back off from imposing retaliatory tariffs because of his tough stance on China even as the bloc's chief warned it could tax US Big Tech.

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