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President Donald Trump said Sunday he could declare the escalating U.S.-China trade war as a national emergency if he wanted to. "In many ways this is an emergency," Trump said at the G-7 leaders meeting of the ongoing trade battle between the world's top two economies. "I could declare a national emergency, I think when they steal and take out and intellectual property theft anywhere from $300 billion to $500 billion a year and when we have a total lost of almost a trillion dollars a year for many years," Trump said, adding that he had no plan right now to call for a national emergency.