Trump threatens US allies on trade before leaving G7 summit

10 June, 2018, 05:14 | Author: Mable Gonzales
  • Berenberg's Schmieding Says America First Means America Alone

President Trump on Saturday slammed Canadian Prime Minister Justin Trudeau, saying he was "very dishonest and weak", and claimed the world leader made "false statements" following the G-7 economic summit.

U.S. President Donald Trump boards Air Force One to depart for travel to Singapore from the Canadian Forces Base Bagotville, Quebec, Canada, June 9, 2018.

Mr. Trump responded directly to this statement in a tweet Saturday evening, writing that Trudeau "acted so meek and mild" and then held the press conference afterward criticizing the U.S.

The president said the US was "pretty close" to reaching an agreement on the North American Free Trade Agreement with Canada and Mexico and had discussed two types of sunset provisions in which any of the countries could leave the deal.

"The United States has been taken advantage of for decades and decades and we can't do that anymore".

"What worries me most, however, is the fact that the rules-based worldwide order is being challenged, quite surprisingly not by the usual suspects but by its main architect and guarantor, the USA".

Mr Trump had earlier denied that the summit had been contentious, contradicting what one G7 official described as a bitter harangue between the US President and his counterparts over tariffs.

"If they thought they were going to lecture Trump on the glories of free trade, they got a rude awakening".

That leaves Trump diametrically opposed with Canada, which says renegotiating the deal every five years would create perpetual uncertainty and harm long-term investment.

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A senior British Government source said: "We stand by the commitments made in the G7 communiqué". Our Tariffs are in response to his of 270% on dairy!'

While Trump set a combative tone before even arriving at the summit with tweets about unfair trade deals, he appeared affable and joking at multiple brief photo opportunities and praised Macron for helping to work out trade issues.

"We are focused on everything we accomplished here at the #G7 summit", said a statement from the Canadian premier's office released on Twitter.

Trump said Saturday that re-admitting Russian Federation to the elite club would be "an asset", telling reporters, "We're looking for peace in the world".

In his tweetstorm - and again on Saturday - the President said that such actions were hurting USA farmers and "killing our agriculture".

French President Emmanuel Macron, for example, noted that under European Union rules France now has open borders with Britain and Germany and runs trade deficits with both - far from Trump's vision of "reciprocal" balanced trade.

Trump also repeated an earlier proposal that US trading partners should drop all trade barriers, including tariffs and subsidies to industries and producers in their own countries.

German Chancellor Angela Merkel said she agreed with Trump's push for a freer trade, adding talks over crucial changes to global trading rules will keep moving ahead.

"And I highlighted it was not helping in our renegotiation of NAFTA and that it would be with regret but it would be with absolute certainty and firmness that we move forward with retaliatory measures on 1 July - applying equivalent tariffs to the ones that the Americans have unjustly applied to us".

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