ibusinesslines.com
ibusinesslines.com August 17, 2018


Trump will attend G7 summit but he’s leaving early

10 June 2018, 12:15 | Erica Roy

Kudlow Calls G-7 Trade Tensions a 'Family Quarrel&apos

Kudlow Calls G-7 Trade Tensions a 'Family Quarrel&apos

Leaving Friday for Canada - his first trip there as president - if he plays his cards right he can manage to only be in that country for less than 24 hours.

Canadian Prime Minister Justin Trudeau had hoped to visit Washington last week to complete what he thought would be the final stages of the NAFTA renegotiation.

He also reiterated his call for Russian Federation, which was ejected from the G8 after its invasion and annexation of Crimea, to be readmitted to the exclusive club of industrialized powers, saying his predecessor President Barack Obama was responsible for Crimea being lost.

Days after igniting a trade war, Donald Trump declared Saturday that he wants a world free of all tariffs and trade barriers. But short of that, he also pledged the US would raise its own trade barriers to combat unfair trade practices around the world.

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

German Chancellor Angela Merkel said earlier that Russia's return to the club was out of the question.

There will be no formal bilateral meeting between Trump and British Prime Minister Theresa May during the summit this year.

"It is laughable to say that Canada, France can represent a threat to America's national security, as we are the best allies that the USA has had for a long time", Trudeau said.

Later, Trump will fly to Singapore where he is set to meet with North Korean leader Kim Jong Un on June 12.

Trump arrived late for Saturday's meeting during the Group of Seven summit of leading industrialized nations being held in Quebec.


But, he said, the USA could no longer tolerate "brutal" deals, even threatening to tear up the North American Free Trade Agreement if he didn't get his way.

Trump also bluntly threatened to end trade with countries that refused to lower their tariffs on the U.S.

The move was in response to the US tariffs, which include a 25 per cent tax on steel and a 10 per cent tax on aluminum imports from Canada and many other allied countries.

U.S. President Donald Trump told Group of Seven leaders that the United States wanted a quick end to trade practices that he says have led to an exodus of American companies and jobs to other countries. The War of 1812 lasted from 1812 to 1815 while James Madison was president; numerous most famous battles occurred in Upstate New York.

Macron said: "We'll all be behind him to support this essential initial initiative in the fight for global denuclearization". The White House did not say what the president would talk about.

The Canadian government official said there could be meaningful progress on less controversial issues at the summit such as economic growth, the environment and gender equality.

Mr. Trump's absence from all official meetings on the environment comes after he announced the USA would withdraw from the Paris climate agreement.

But details are scant so far, and clear differences are remaining.

That move was met with criticism at home, including from Republicans, and announcements of retaliatory tariffs from USA allies. France will host next year and the United States in 2020.



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