Воскресенье, 24 Июня, 2018


Trade spat looms as Trump heads for hostile G7

Bennie Garza | 08 Июня, 2018, 23:44

U.S. President Donald Trump said on Friday Russia should also be attending a Group of Seven nations summit, a controversial idea that even Moscow seemed to reject, as he headed for a chilly reception at the meeting in Canada, where other G7 leaders are set to clash with him over trade.

Trump is planning to meet with Canadian Prime Minister Justin Trudeau and French President Emmanuel Macron on the sidelines of the talks, which will be held at a golf resort in rustic Charlevoix.

World leaders including Canadian Prime Minister Justin Trudeau are expected to raise the issue of tariffs with US President Donald Trump.

In April, Canada tried to address what Trump said were concerns about Chinese steel and aluminum being dumped into Canada and then being shipped into the United States. "Look forward to seeing them tomorrow", he wrote.

"Take down your tariffs & barriers or we will more than match you!" "Maybe we should come up with a new slogan", he said.

Trump's presidency has been clouded by a federal investigation into alleged Russian meddling in the 2016 presidential election, and possible collusion by his campaign.

"The American president may not mind being isolated, but neither do we mind signing a six-country agreement if need be", Macron said, adding that USA workers would be the first to suffer from a trade war between Europe and the US.

European leaders criticize the USA decision to impose protectionist tariffs on steel and aluminum and to exit the Iran nuclear deal and the Paris climate agreement. The White House is working to reschedule the one-on-one.

Trump's imposition of steel and aluminum tariffs, as well as broader disagreements on trade, climate change and the USA withdrawal from the Iran nuclear agreement, are setting the stage for some tense talks once Trump arrives Friday at the Quebec summit.

Mr Trudeau, the summit host, and British Prime Minister Theresa May, who will also attend, are among those to sharply criticise the United States tariffs as unjustified and punitive.

Leaders were also expected to use the event to raise contentious issues like US participation in the Iran nuclear deal, known formally as the Joint Comprehensive Plan of Action, and USA participation in global climate treaties.

That move unleashed fury in the Group of Seven industrialised nations and prompted quick retaliation from Canada and Mexico and a promise from the European Union to do so as well, unnerving investors who fear a trade war that could derail the global economy.

Already at the meeting of the finance ministers ahead of the G-7, the six non-U.S. countries released a statement raising concerns about US trade actions.

Canada and other USA allies are retaliating with tariffs on US exports. Canada is waiting until the end of the month to apply them with the hope the Trump administration will reconsider.

Trump took to Twitter later in the evening to blast Trudeau on a range of issue tied to the ongoing trade differences between the two countries, including Trump's imposition of punishing steel and aluminum tariffs and the unresolved North American Free Trade Agreement talks.

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