Donald Trump: Top economies should drop all tariffs

Leroy Wright
June 10, 2018

Russian Federation should be attending a Group of Seven summit in Canada, U.S. President Donald Trump said on Friday, a controversial idea that even Moscow seemed to reject, as he headed for a chilly reception at the meeting where other leaders are set to clash with him over trade.

President Donald Trump on Saturday tweeted the USA won't endorse the joint statement from the Group of Seven summit, and threatened auto tariffs.

President Donald Trump has charged into the Group of Seven summit at odds with key allies over US tariffs, then set out to defuse tension with friendly banter and offered vague claims of progress in trade talks.

"PM Justin Trudeau of Canada acted so meek and mild during our @G7 meetings only to give a news conference after I left saying that, "US Tariffs were kind of insulting" and he "will not be pushed around" Very dishonest & weak". Calling Modi a "beautiful man", Trump said he was informed of reduction in tariffs on imported motorcycles by the Indian PM but the USA was getting nothing with the cuts in the customs duty.

Trump's anger seems to stem from a press conference Trudeau held where he said he would with "absolute certainty" impose retaliatory tariffs on the United States.

Trudeau met with the presidents of the European Council and Commission, Donald Tusk and Jean-Claude Juncker, on Thursday to discuss the EU-Canada trade relationship and discuss "how we can continue to work together to create economic growth that benefits everyone", in what could be seen as a jab at Trump.

"For us, it was important to have a commitment to rules-based trade", Germany's Chancellor Angela Merkel said. "Our tariffs are in response to his of 270 per cent on dairy!"

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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. "If you put an expiry date on a trade deal, that's not actually a trade deal". "And that ends", Trump said.

He said he believes Kim is prepared to do "something very positive for his people, for himself, his family". It was kicked out of the G8 in 2014 for annexing Crimea from Ukraine. "I think it would be good for all of the countries of the current G7".

Trump departed the annual G-7 gathering after arriving late to a breakfast on gender equity and skipping later sessions on climate change, clean energy and ocean protection.

The eight-page G7 communique issued earlier stated that "we stand ready to take further restrictive measures to increase costs on Russia" if its behavior makes it necessary.

Trump came out swinging in his news conference, repeating his view that America has always been cheated by its friends.

All seven countries agreed to a joint statement on artificial intelligence, global trade, middle class growth, innovation, girls' education, and defending democracies from foreign intrusions.

The statement comes just a few weeks after Trump made a decision to impose large tariffs on steel and aluminum imports from the European Union, Canada, and Mexico and a few months after Trump hit the rest of the world with the same tariffs. Prime Minister Justin Trudeau did not wait for the US president to kick off the meeting in La Malbaie, Quebec.

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