Trade confrontation looking likely at G7

The trade war escalation by Donald Trump may make for a testy G7 meeting in Canada.

Reuters: Trump sticks with hard line on trade as showdown looms at G7

U.S. President Donald Trump is not backing down from the tough line he has taken on trade, the White House’s top economic adviser said on Wednesday, setting the stage for a showdown with top allies at this week’s G7 summit in Canada.

The meeting on Friday and Saturday in Charlevoix, Quebec, will be the first chance G7 leaders have had to confront Trump in person since U.S. tariffs on steel and aluminum imports from Canada, Mexico and the European Union were imposed last week.

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

Canadian Prime Minister Justin Trudeau, the summit host, and British Prime Minister Theresa May, who will also attend, are among those to sharply criticize the U.S. tariffs as unjustified and punitive.

“There are disagreements. He’s sticking to his guns. And he’s going to talk to them,” Larry Kudlow, Trump’s top economic adviser, told reporters in Washington.

A French presidency official said that while G7 members would raise their unhappiness over the tariffs with Trump, they would not deliver an ultimatum that he drop them because the summit “isn’t the place where you negotiate things like that.”

The official, speaking to reporters after Macron met Trudeau for talks in Ottawa on Wednesday, said the six non-U.S. G7 nations were united on the main topics to be discussed. The G7 groups Canada, the United States, Japan, Britain, Italy, France and Germany. The EU also attends.

Trump will have to more than snipe from Twitter at the meeting. Fronting up on trade issues he has stirred up will be a test of his presidential and negotiating skills. It will be somewhat more challenging than social media posturing.

15 Comments

  1. Gezza

     /  June 8, 2018

    Aljaz featured a short vid clip earlier this week of an irate Trudeau saying that for Trump to claim current trade with Canada is “a threat to America’s national security” was simply ridiculous. Which is of course correctomundo.

  2. David

     /  June 8, 2018

    With Canada and the EU taking the moral high ground on trade, interesting concept.
    Trump sees weakness in both Trudeau and Merkel and is going to dial that up, good on him.

    • Gezza

       /  June 8, 2018

      Be laughing on the other side of his face if Trudeau attacks Pearl Harbour.

      • High Flying Duck

         /  June 8, 2018

        Except being Trudeau he would insist the attackers were courteous and applied gender and racial positivity in their forays.
        He may even dance around in a Hawaiian grass skirt to show solidarity as he did so well in India…

        • Gezza

           /  June 8, 2018

          Oh gawd. Don’t remind me. Managed to hideously embarrass two countries in one go.

        • MaureenW

           /  June 8, 2018

          Says it all for me on Trudeau. WTH was he/she thinking?

          • Gezza

             /  June 8, 2018

            As far as I’m concerned his Mrs let the side down badly there. If that had been me, mine would have said “You are NOT going out dressed like that!” and I’d have had to change into something more appropriate. Or else.

    • Griff

       /  June 8, 2018

      good on him.?
      Our little country relies on free access to offshore markets to sell its products.
      Trumpets celebrating his trade policy are celebrating some rather dire economic impacts for NZ in the future.

    • MaureenW

       /  June 8, 2018

      Must say, Trump’s tweets have grown on me ..

  3. Zedd

     /  June 8, 2018

    There was a comment that MrT accused ‘Canada of burning down the whitehouse’.. apparently it was Britain who once did it (USA war of Independence ?)

    sounds like MrT intends to ‘make America great again..’ at the expense of all their traditional allies ? 😦

    • Joe Bloggs

       /  June 8, 2018

      Yup, trump is screwing America’s oldest and greatest allies and inviting Kim and Putin to the WH… such a treacherous man.

  4. George

     /  June 8, 2018

    Trump is not (as much as the Canadian poser claims) the world president.
    He is looking after the US !
    And Canada charging 300% on dairy ??????
    Do we export to Canada under those conditions ????

  5. Blazer

     /  June 9, 2018

    Change it to the G6…boot the U.S …OUT.

    • Alan Wilkinson

       /  June 9, 2018

      You think Trump would care? His next tweet would get more coverage than their communique.

      • Blazer

         /  June 9, 2018

        he would care alright,’no man is an island’…the U.S needs friends…they are unpopular all around the…world.