G7 to fight protectionism, Trump threats

The G7 Leaders Vs. Trump Who Will Save The World From Him? featured image

News The G7 Leaders Vs. Trump Who Will Save The World From Him? Someone's got to stand up to the bully. @YouTube

Trudeau confirmed he had warned Donald Trump his country would impose retaliatory tariffs on USA goods from July 1, denouncing Trump's decision to invoke national security concerns to impose tariffs on aluminum and steel as "insulting" to the Canadian war veterans who had fought alongside U.S. allies.

He was positioned between Canadian Prime Minister Justin Trudeau, who has called Mr. Trump's tariffs "insulting", and German Chancellor Angela Merkel, who predicted "controversial discussions" with the president on trade.

The Elysee Palace was responding to questions about the outcome of the summit, after US President Donald Trump refused to give his backing to a joint declaration, despite hours earlier signing the communique.

"After calling out Trudeau and Macron before the summit, he took a different approach on Saturday, "[congratulating] he leaders of other countries for crazily being able to make these trade deals that were so good for their countries and bad for the United States" and chastising his predecessors for allowing the U.S.to be taken advantage of.

The Trump administration announced two weeks ago that it would investigate whether auto imports hurt USA national security, the first step toward tariffs similar to the ones he imposed on steel and aluminum imports last week.

He later said, "It's going to stop, or we'll stop trading with them".

Speaking to reporters at the annual G-7 meeting, the president said that totally eliminating trade barriers between the nations would be "the ultimate thing" and "that's the way it should be".

Trump, who arrived late to the first meeting on gender equality today, will leave before talks on climate change and the health of oceans, after not gaining support in his grievances over United States tariffs.

Buffett And Dimon: No More Quarterly Profit Forecasts
Stock trades generate fees for financial managers, so there's opposition to nearly anything that can lead to less trading. Wall Street traders seek the quarterly predictions as benchmarks of a company's performance.

The six-plus-one tone of the gathering in Quebec means the leaders from Canada, Britain, the United States, France, Germany Italy and Japan are unlikely to issue a joint statement, too sharply divided on trade or the environment to reach consensus. Trump has also maintained his stance that tariffs are a national security issue, because unfair trade deals "affect our military", he said.

"The simple fact is that more trade has been overwhelmingly beneficial to USA families and to net USA job creation for 75 straight years, and pretending America has been taken advantage of - that is, pretending that we're losers - isn't true".

"European Union treats us very unfairly". President Trump is sitting alone on one side of a table.

Asked Saturday about his meetings with other world leaders, Trump sought however to downplay the tension.

President Trump held a surprise press conference before he left the summit, and he left a bit early. "That there are no grounds whatsoever for bringing Russian Federation with its current behaviour back into the G7", said Canadian Foreign Minister Chrystia Freeland.

Last year, the U.S. president was wowed by a French military parade in Paris after being invited to join Mr Macron for his country's annual Bastille Day celebrations.

"We stick to the communique as agreed by all participants", a European official said on condition of anonymity.

Trump continued by saying that "we are looking for peace in the world, and not to play games" and emphasized his point, stating "the G8 would be better".

Latest News