Published: Sat, June 09, 2018
Business | By Eloise Houston

Trump believes 'progress made' in G7 trade talks

Trump believes 'progress made' in G7 trade talks

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

"I appreciate, you know, Justin has agreed to cut all tariffs, all trade barriers between Canada and the United States, so I'm very happy", Trump said with a smile.

Canada's Trade Minister Francois Philippe Champagne was even more blunt, declaring: "What we are seeing is that the world economic order is under pressure, under attack".

Trump showed no sign of backing down on Friday after earlier accusing both France and Canada of imposing massive tariffs on US goods, and then accusing Canadian Prime Minister Justin Trudeau of "being so indignant".

"Obviously, trade has been a topic of discussion and will continue to be, but our engagement towards the world, our working together to create good jobs on both sides of the border", were also important, he said. "It will start first of all to hurt US workers".

"Russia is focused on other formats apart from the G-7", Peskov said, according to the Sputnik news agency.

Asked whether he thought they could get to a joint statement, Trump said: "I think we'll have a joint statement". The new government in Rome has previously said that sanctions on Russian Federation damaged Italy's agriculture industry and its design and handicraft sectors.

It is an annual summit bringing together Canada, the USA, the UK, France, Italy, Japan and Germany, which represent more than 60% of global net worth between them.

Canada and the European Union have denounced the USA tariffs and Ottawa has proposed levies on a range of US goods next month while the European Union has pledged its own retaliatory measures. "Look forward to seeing them tomorrow".

"Please tell Prime Minister Trudeau and President Macron that they are charging the United States massive tariffs and create non-monetary barriers", he tweeted.

Meanwhile, Trump continued to talk tough Friday, even threatening to "terminate" the North American Free Trade Agreement, which he has repeatedly characterized as unfair to the U.S.

"President Trump will depart the G-7 Summit at Charlevoix at 10:30 a.m. Saturday, following the session on Women's Empowerment".

But they also made it clear that it won't keep them from pushing Trump to end the tariffs, and they reaffirmed their support for "strong multilateralism" - something Trump has little time for.

The G-7 summit is shaping up to be the most acrimonious in years, putting pressure on Justin Trudeau as host to bridge a divide between Trump and Europe, with Japan's Shinzo Abe poised to fall somewhere in the middle. The European Union also attends.

Trudeau told reporters the United States national security justification for the tariffs on steel and aluminum was "laughable". The US move has prompted retaliation by some countries.

So what will this year's joint statement say?

The bid to gloss over the divide might see the reputation of the G-7 salvaged instead of becoming an unprecedented casualty of US tariffs, disagreements over climate change and the future of the Iran deal.

He dislikes negotiating with groups, and he will leave well before the end of this G7 summit: next stop Singapore, to face Kim Jong-un, and seek the sort of one-to-one deal he much prefers. On Twitter, he said: "The American President may not mind being isolated, but neither do we mind signing a 6 country agreement if need be".

With unmistakable symbolism, the fractious Western democracies were meeting on the same day that China's President Xi Jinping welcomed his Russian counterpart Vladimir Putin to Beijing. Let them meet; let them discuss.

G7 chiefs have largely praised Mr Trump for his efforts to stabilise the Korean peninsula, but they are unhappy he pulled out of an global agreement to limit Iran's nuclear ambitions.

In the last week, Trump and Trudeau have exchanged tough words over trade after the US imposed hefty tariffs on steel and aluminum from Canada, Mexico and Europe. Trump injected further uncertainty recently when he floated the idea of replacing NAFTA with two separate trade deals, one with each country.

Despite the conflict, Mallaby predicted that the countries would still seek to work with the USA, calling it "the indispensable country".

Trudeau, alongside Trump, was asked if he was disappointed the US president was leaving early.

Like this: