Published: Fri, June 08, 2018
Worldwide | By Stella Potter

G7 leaders set to clash with combative Trump over tariffs, trade

G7 leaders set to clash with combative Trump over tariffs, trade

"When we can underscore this, and we see that there's a lot of pressure within the USA, perhaps he will revise his position".

When asked if Trudeau took it as a joke, CNN's source said, "To the degree one can ever take what is said as a joke". The other six countries signed a sharp condemnation of the president's tariffs earlier this week.

Canada's premier appeared to have struck up an unlikely friendship with Mr Trump at their first meeting, saying he would never dream of "lecturing" his host even if the U.S. president's "America First" agenda is anathema to the arch liberal. The announcement came as talks stalled between the U.S., Canada and Mexico over renegotiating the 1994 North American Free Trade Agreement. "Look forward to seeing them tomorrow".

Although Trump says the tariffs are necessary to protect US industry, Canada and the European Union have denounced them as illegal and are preparing retaliatory measures.

A few hours later, he added, "Take down your tariffs & barriers or we will more than match you!"

Trudeau on Tuesday said the discussions at the G7 Summit, should have dealt primarily with sustainable and equitable economic growth and gender issues, instead it will be "straightforward and at times difficult" because of Trump's policies.

This marks Trump's second summit of the G-7, an informal gathering that meets every year under a rotating chairmanship.

The G7 groups Canada, the United States, Japan, Britain, Italy, France and Germany. The European Union has said that it's maintaining low expectations for the outcome.

Under Trump, the United States has abandoned its traditional role in the G-7.

The globalised economy they helped build had both winners and losers but, until Trump's election, the United States was seen as the system's uncontested leader and a major beneficiary.

Most recently, Trump pulled the USA out of the Iran nuclear agreement, following his earlier decision to withdraw from the Paris climate accord.

G7 finance ministers met last week and rebuked Washington over the tariffs, setting up a fight at the G7 summit.

"The six other countries of the G7 represent a market which is bigger than the American market", the French president said.

At the heart of the rift, US President Trump's new tarrifs on steel and aluminium imports - and the threat of a global trade war.

Mr Trump does not intend to withdraw from Nafta, National Economic Council director Larry Kudlow said on Fox & Friends.

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. Last month he announced he was imposing tariffs on steel and aluminum imports from these countries, infuriating numerous foreign leaders who have pledged to confront him during the G-7.

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