Monday, 18 June, 2018

Trump issues warning to trade partners over retaliatory tariffs

GettyImages-129211024 Trump to leave G7 summit early amid feud with Trudeau, Macron
Jeannette Daniel | 10 June, 2018, 12:59

"I did suggest it and people were - I guess they're going to go back to the drawing board and check it out".

Speaking at a post-summit press conference, Trudeau acknowledged that there were major differences with Trump.

After Trudeau said he was "happy to announce that we have released a joint communique by all seven countries" indicating that the USA had signed on, Trump announced that the USA would reverse its decision and not sign on to the statement after all.

This meant there were some pretty big characters in that room - German Chancellor Angela Merkel, British PM Theresa May, Canadian PM Justin Trudeau, French President Emmanuel Macron, as well as Europe chiefs Donald Tusk and Jean-Claude Juncker.

The G7 leaders also discussed the issue of uncontrolled migration and the threat it poses to national security. "The EU trade surplus with the United States is $151bn, and Canada keeps our farmers and others out". Our Tariffs are in response to his of 270% on dairy!' Trump continued. A frenzied effort last month to reach a deal that could pass the current U.S. Congress by the end of this year has stalled, in part after Trudeau's final push ran up against Trump's insistence on a five-year sunset clause that would see the pact renegotiated or killed after five years.

Trump tweeted his reversal after what he called "false statements" by Canadian Prime Minister Justin Trudeau, who he labeled "dishonest and weak".

Trump will meet with Macron and Trudeau face-to-face on Friday. Calling Modi a "beautiful man", Trump said he was informed of reduction in tariffs on imported motorcycles by the Indian PM but the U.S. was getting nothing with the cuts in the customs duty.

Trudeau again denounced 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 United States allies.

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But Trump had already said he would not hesitate to shut countries out of the USA market if they retaliate to his tariffs. He says "we're not looking to play games".

"The Prime Minister said nothing he hasn't said before - both in public, and in private conversations with the President", the Prime Minister's Office said in a statement.

Trudeau didn't answer when a reporter asked him if he was happy Trump would be leaving the gathering early for a planned summit next week with Kim Jong Un.

Trump cited progress on reaching an agreement on the North American Free Trade Agreement with Canada and Mexico, saying the final outcome would lead either to an improved trade deal or separate pacts with the two U.S. neighbours. "So we are going in with a really positive spirit". Trump said. "Why are we having a meeting without Russian Federation being in the meeting?" "The President of the United States thinks that the USA has been treated in an unfair way by Europe and by others, and the others think that this is not the case", European Commission President Jean-Claude Juncker told a press conference in La Malbaie.

"We're either going to have NAFTA in a better negotiated form or we're going to have two deals", the USA president said.

The other G7 leaders will meet without him for the rest of the day, discussing climate change and worldwide development.

"He won't have that opportunity again", Trump said.

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