Donald Trump acknowledged having second thoughts on escalating the trade war with China -- only for his top spokeswoman to later say he meant he regretted not raising tariffs even more. Meanwhile, China is “seriously making” preparations for relations with the U.S. to deteriorate, according to Global Times’ editor-in-chief Hu Xijin. Bloomberg's Ros Krasny and Tom Mackenzie report on "Bloomberg Daybreak: Australia."