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Trump throws G-7 into disarray with tweets after he leaves

10 June 2018, 04:09 | Taylor George

Berenberg's Schmieding Says America First Means America Alone

Berenberg's Schmieding Says America First Means America Alone

President Donald Trump arrived late for a gender equality meeting at an global summit, prompting Canadian Prime Minister Justin Trudeau to kick it off without waiting for "stragglers" to arrive.

'This isn't just G7. I mean, we have India, where some of the tariffs are 100 percent. "Or we'll stop trading with them".

"President Trump is targeting the dairy sector because he wants to dump US dairy into Canada", Lampron told The Canadian Press, adding that Canada imports five times more dairy from the USA than it exports.

Other G7 leaders, including British Prime Minister Theresa May and German Chancellor Angela Merkel, have also spoken out against the USA tariffs.

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"And so began a long litany of recriminations, somewhat bitter reports that the United States was treated unfairly, that the trading system was totally unfavourable to the United States, the American economy, American workers, the middle class", the official said. "It was a hard time, rough, very frank".

When French President Emmanuel Macron met his American counterpart, he certainly knew how to make an impression.

United States president Donald Trump is scheduled to come to Canada tomorrow to participate in the G7 summit.

The G7 meeting had threatened to fall apart this week because of the burgeoning trade war. Take down your tariffs & barriers or we will more than match you!

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Trump also defended his recent imposition of punishing steel and aluminum tariffs was based on legitimate national security concerns, and said he stood firm against the concerns of his fellow G7 leaders during their talks.

Trudeau responded, "I'd say NAFTA is in good shape", and they both cracked up.

"Nevertheless, I do not consider that with a declaration all is obtained and it is obvious that we will have in the coming weeks, the next months, to continue to work", Macron told reporters.

The tariffs target USA steel and aluminum, as well as other items like bourbon, motorcycles, peanut butter, chewing tobacco, and orange juice.

The spat has financial markets anxious about tit-for-tit escalation that could lead to a full-blown global trade war.

Trudeau on Saturday said the U.S., Canada, Britain, France, Germany, Italy and Japan figured out "consensus language" they could all agree to.

The window to pass a deal in this Congress has nearly certainly closed, observers say, and Mexico will elect a new president on July 1.

"Canadians, we're polite, we're reasonable, but we also will not be pushed around".

Trudeau on Saturday rejected a USA demand for a sunset clause in NAFTA but said he was prepared to compromise on the issue, which is holding up talks to update the 1990s-era pact. Earlier this week, White House economic adviser Larry Kudow said that Trump was not looking to withdraw from the agreement and was instead trying to negotiate separate deals with Mexico and Canada.



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