Saturday, 18 August, 2018

Trump to leave G7 summit early amid feud with Trudeau, Macron

The six-plus-one tone of the gathering in Quebec means the leaders from Canada Britain the United States France Germany Ital Trump to leave G7 summit early amid feud with Trudeau, Macron
Patty Aguilar | 10 June, 2018, 11:11

Mr. Trudeau's office responded to Mr. Trump's tweets accusing the Canadian leader of "false statements" on Saturday, saying that the Prime Minister said nothing during the G7 summit that he had not said previously.

Trudeau denounced Trump's decision to invoke national security concerns to impose tariffs on aluminium and steel as "insulting" to the Canadian war veterans who had fought alongside United States allies.

At a gathering of governors of all the states at the White House, Trump said: "Now, the prime minister, who I think is a fantastic man, called me the other day and said we are lowering it to 50%".

The prospect that he could be moving toward an even greater protectionist trade policy is likely to chill financial markets anxious about tit-for-tit escalation that could lead to a full-blown global trade war.

Halting all trade with countries that don't drop tariffs is a "very profitable answer", Trump said.

Mr Trump recently slapped tariffs on Canada, Mexico and the European Union, angering his counterparts before he arrived at the summit.

Donald Trump has been busy attacking US allies ahead of the G7 summit which begins today in the town of La Malbaie in Quebec.

Days after igniting a trade war, Donald Trump declared Saturday that he wants a world free of all tariffs and trade barriers. Its statement took a generally positive view of the leaders' positions on trade matters while acknowledging tensions with the US.

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"I have made it very clear to the President that it is not something we relish doing, but it is something that we absolutely will do", Trudeau said. Japanese Prime Minister Shinzo Abe - a veteran of seven G7 leaders' meetings - said the Charlevoix summit featured heated exchanges, the likes of which he has never seen.

"For us, it was important to have a commitment to rules-based trade", Germany's Chancellor Angela Merkel said, before Trump's comments.

But the lead ministers from both countries talked trade on the sidelines of the G7 leaders' meeting on Friday.

Shortly before his arrival at the two-day summit, Trump injected additional controversy by suggesting that the G-7 offer a seat at the table to Russian Federation, which was ousted from the group after it annexed Crimea in 2014. "We're like the piggy bank that everybody is robbing and that ends".

The President said Canada and Mexico were also close to a deal on a sunset clause on NAFTA, but a senior Canadian official said Ottawa is not interested in such a clause that would trigger reopening the trade pact in five years.

Japan: The U.S. trade deficit was $70 billion previous year - and for every vehicle America exports to Tokyo, Japan sends more than 100 to the U.S. The country also has a complex regulatory system that makes it tough to sell American autos in Japan. "And no subsides, I even said not tariffs". "And we charge nothing", he said.

"There's some movement within Congress now to rein in Trump on trade policy", Gertz said.

According to reports, the other leaders were taken aback by the suggestions and not sure how serious Trump was about it. Macron said Thursday on Twitter, "The American President may not mind being isolated, but neither do we mind signing a 6 country agreement if need be".

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