G7 agrees to fight protectionism as Trump threatens allies on trade

Donald Trump

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

President Donald Trump, whose tariff fight is overtaking the Group of Seven leaders' meeting, renewed his threats to scrap the North American Free Trade Agreement and pursue separate deals with Canada and Mexico.

Friday morning he was spitting again: "Canada charges the USA a 270% tariff on Dairy Products!"

"We're like the piggy bank that everybody is robbing", he said at a press conference as his G7 counterparts continued their two-day meeting in La Malbaie, Quebec, and officials hammered out a joint communique.

"Justin has agreed to cut all tariffs, all trade barriers between Canada and the United States, so I'm very happy", Trump told reporters.

Finance Minister Bill Morneau said that message was communicated clearly to Trump during his meetings at the G7 summit with fellow leaders, and in his face-to-face talk with Prime Minister Justin Trudeau.

His comments were reported by CTV.

Previous year at the G7 summit in Italy, Trump and his officials balked at some of the language relating to global efforts to address climate change - the leaders could not produce a consensus statement that Trump would sign - a move that foreshadowed his eventual withdrawal from the Paris climate change accord a week later.

Please tell Prime Minister Trudeau and President Macron that they are charging the USA massive tariffs and create non-monetary barriers. "The EU trade surplus with the United States is $151bn, and Canada keeps our farmers and others out".

But Trump's claims that he is in favor of global free trade would appear contradictory to his recent imposition of tariffs on USA allies, much to their collective discontent. He reiterated his longstanding view that the USA has been taken advantage of in global trade, adding, "We're like the piggy bank that everybody's robbing and that ends".

'This isn't just G7. "I'm not looking to play that game".

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The PM also said she had spoken to Mr Trump "briefly" at the summit about his upcoming visit to the UK. "And it's going to stop".

"They do so much more business with us than we do with them. the numbers are so astronomically against them. we win that war a thousand times out of a thousand".

The president says the U.S.is "pretty close" to an agreement on the North American Free Trade Agreement and discussing two types of sunset provisions in which any of the countries could leave the deal.

Trump, who aides said has little interest in multilateralism, resumed his tirade against Canada and "unfair trade deals" with G7 countries early Friday morning.

"You know, whether you like it or not - and it may not be politically correct - but we have a world to run", Trump said. Trudeau rejected the idea.

Trudeau acknowledged that G7 leaders left La Malbaie without significantly transforming Trump's approach to trade.

'I think there are various discussions about alternatives that would not be that, and that would not be entirely destabilizing for a trade deal, and I think we are open to creativity, ' he said.

This, he suggested, could involve "a check in and a renewal".

The suspension was supported by the other members of the group, including the US, Canada, Japan and four European nations.

Canada charges the US a 270% tariff on Dairy Products!

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