Published: Sun, June 10, 2018
People | By Neil Grant

Donald Trump: Top economies should drop all tariffs

Donald Trump: Top economies should drop all tariffs

Mr Trump left the summit early for Singapore, where he will meet North Korean leader Kim Jong Un next week.

The US president then had angry words for Trudeau, saying the Canadian prime minister had "acted so meek and mild" in their joint discussions only to later pledge in a press conference that he would not be pushed around.

The summit came during an ongoing trade dispute with China and served as a precursor to his unprecedented meeting with Kim, in which he has sought to extend a hand to the Asian autocrat who has long bedeviled the global order. "And that's a very profitable answer, if we have to do it", Mr Trump said, adding: "We're like the piggy bank that everybody's robbing and that ends".

"What this will look like in 2018 and potentially beyond is a more and more economically and politically isolated America, but the rest of the world is pretty much carrying on to the best of its ability just without the USA".

Trump, who railed against globalization in his election campaign, said he wanted all G7 nations to remove any tariffs, subsidies and other trade barriers.

The trade spat dominated the meeting, with Canadian and European leaders threatening retaliatory duties in response to the United States levies.

British Prime Minister Theresa May said the other G7 leaders registered their "deep disappointment at the unjustified decision by the U.S." on its closest allies. "If it's not going to change we're not going to trade with them".

The announcements come as Mr. Trump seeks to make headway on the deep USA trade deficit, saying the country has been taken advantage of for too long, and he is fighting back.

On Saturday, Trump repeated his desire to have a sunset clause in an updated NAFTA deal, a demand Trudeau rejected again.

Trudeau on Saturday rejected a USA demand for a sunset clause in NAFTA but said he was prepared to compromise on the issue, which is holding up talks to update the 1990s-era pact.

The tweets resumed the president's attacks on what he had been describing in the leadup to the summit as Canada's unfair trade policies.

Discussing Russia's absence, Trump made the vague comment that "something happened a while ago where Russia is no longer in".

Russian Federation launched an "unprecedented influence campaign to interfere in the USA electoral and political process" in 2016, Coats said Friday at a conference in Normandy sponsored by the Atlantic Council think tank in Washington. I might have had a different attitude.

"Crimea was let go during the Obama administration".

The group disagreed with The President on climate change, trade and the Iran Nuclear Deal. He left before any resolution was announced on the traditional joint statement from the seven industrialized nations in the group, which in addition to the USA and Canada includes Britain, Italy, France, Germany and Japan.

"The American president may not mind being isolated", Macron tweeted, "but neither do we mind signing a 6-country agreement if need be". All of the leaders have acknowledged that there are disagreements, but the meeting ended with the entire group issuing a joint communique.

"We stick to the communique as agreed by all participants", a European official said on condition of anonymity.

"What we did this weekend was come together, roll up our sleeves and figure out a consensus language that we could all agree to", Trudeau said in the town of La Malbaie where leaders have been meeting since Friday morning.

But Trump's claims that he is in favor of global free trade would appear contradictory to his recent imposition of tariffs on United States allies, much to their collective discontent.

European officials suggested that the upbeat, punchy news conference that Trump delivered before skipping out on the summit was aimed at his trade-skeptic supporters back home, and did not reflect the results of the summit.

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