The White House would like to clarify something.

Earlier on Sunday, while at the Group of Seven summit in Biarritz, France, President Trump said he had second thoughts about how Washington's trade war with China has played out. Trump's comments were originally tempered by the fact that he said he has "second thoughts about everything" and did not signal that he was considering reversing any tariffs on Chinese imports to the U.S. But they still created speculation that the president might regret escalating the trade war, which has stoked fears of a global recession, especially since he also toned down rhetoric about ordering U.S. businesses to cut off dealings with China.

His administration, however, was quick to suppress any doubt that Trump was open to a softer approach in trade negotiations with Beijing — in fact the White House says the opposite is actually true. "His answer has been greatly misinterpreted," White House Press Secretary Stephanie Grisham said, referring to the question about Trump having second thoughts. "President Trump responded in the affirmative because he regrets not raising the tariffs higher."

So, really, Trump meant he hadn't escalated the trade war enough.

Treasury Secretary Steven Mnuchin and National Economic Council Director Larry Kudlow backed up Grisham's correction. Read more at NBC News. Tim O'Donnell