Monday, 19 November, 2018

G7 leaders meet amid fear of a global trade war

U.S. President Donald Trump speaks on the phone in the Oval Office of the White House in Washington Trump falsely accuses Canada of burning down White House in War of 1812 (report)
Jeannette Daniel | 10 June, 2018, 00:15

In the wake of the reports about Russian interference in the 2016 presidential election and the ongoing investigation into whether the Kremlin colluded with the Trump campaign, the president faced some severe pushback for his suggestion to welcome Russia back.

"He is very seriously contemplating kind of a shift in the NAFTA negotiations".

United States president Donald Trump is scheduled to come to Canada tomorrow to participate in the G7 summit. "Ultimately that's what you want - you want a tariff-free [zone], you want no barriers, and you want no subsidies because you have some cases where countries are subsidizing industries and that's not fair".

"You say the U.S. President doesn't care at all".

The German statement seems to fly in the face of what Trump said in his closing press conference in Quebec where he vowed to ramp up combative trade actions - even against some of his country's closest allies - or curtail trade altogether if partners can not agree to more favourable terms for America.

"If they retaliate, they're making a mistake", Trump declared before departing the annual Group of Seven summit in Canada for his meeting with North Korea's Kim Jong Un in Singapore on Tuesday.

A photograph taken shows just how tight the handshake was, with Trump's hand left with a white mark. He is pushing Mexican leaders for a range of changes to the North American Free Trade Agreement, and he wants that entire pact to expire after five years.

"Please tell Prime Minister Trudeau and President Macron that they are charging the US massive tariffs and create non-monetary barriers", Trump wrote in another Twitter post.

The move was in response to the US tariffs, which include a 25 per cent tax on steel and a 10 per cent tax on aluminum imports from Canada and many other allied countries. The War of 1812 lasted from 1812 to 1815 while James Madison was president; numerous most famous battles occurred in Upstate New York.

More news: The most stylish royal looks from 2018's Trooping the Colour ceremony

Just hours after issuing a series of aggressive messages about global trade and Canadian dairy practices, Donald Trump has arrived in Quebec to attend some of the G7 summit - his first visit to Canada as USA president.

The president will be communicating with the other six nations on his way to Singapore, so there is still a chance the US will be part of the communique, a document world leaders traditionally sign after such a gathering to describe their accomplishments and mission.

The US President looked uncomfortable throughout the breakfast meeting.

"There are disagreements. He's sticking to his guns, and he's going to talk to them", said Larry Kudlow, Trump's top economic adviser, at a briefing on Wednesday.

The summit host, Canadian Prime Minister Justin Trudeau, kicked things off without waiting for those he described as "stragglers" to arrive.

France's finance minister has billed the group as "a G-6 plus one" in reference to Trump's isolation from other allies.

But details are scant so far, and clear differences are remaining.

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

Trump contends that other countries "have been taking advantage of the United States on trade".

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