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Trump, who has forged closer ties with Saudi Arabia and the 33-year-old Crown Prince Mohammed bin Salman, acknowledged for the first time on Thursday that Khashoggi, a US resident and Washington Post columnist, had likely been killed.

Trump stopped short of calling for a state of emergency, instead appealing to the need to slash the cost of the illegal drug trade, which he put at 0 billion a year, "vastly more than the .7 billion we have requested from Congress".

Trump said the US values China's important role in the peninsula issue, and is ready to boost coordination over the issue with China.

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Trump had kept his distance from the Senate process, but Monday night's development was a major blow for him, too, as the president failed to rally support for what has been the GOP's trademark issue for seven years — ever since Obama and the Democrats passed the Affordable Care Act. Republicans won the White House and full control of Congress in large part on the basis of their promises to repeal and replace "Obamacare," but have struggled to overcome their deep internal divisions and deliver.

Trump has long complained that European NATO members do not pay enough for their own defense.

Trump has frequently called for more cuts in the federal funds rate, which has a target of 2-2.25 percent.

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Trump's comments mark a ratcheting up in his criticism of the Federal Reserve and its chairman, Jerome Powell, named to the post by the president in 2017.

Trump made the remarks to reporters at the White House after returning to Washington from Camp David. The president said he would be working with Democrats and Republicans on gun legislation when Congress returns this month.

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Trump compared the coronavirus to the flu: "We don't turn the country off" despite losing thousands of people to the flu.

Trump will start his 12-day Asia trip on Friday to Japan, South Korea, China, Vietnam and the Philippines. He will participate in a string of multilateral engagements like the Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting and the Association of Southeast Asian Nations summit in the last two legs of the trip.