Thursday, June 7, 2018

G7 Summit Will Start Tomorrow In Canada. Trade War Concerns Loom



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

WASHINGTON/OTTAWA (Reuters) - 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.

Read more ....

Update: Trump likely to meet some US allies very angry over tariffs at the G7 summit in Canada (AP)

WNU Editor: It appears that President Trump wants to be somewhere else .... Trump complains about traveling to Canada ahead of Singapore summit with Kim (Washington Post)

1 comment:

Anonymous said...

What makes Merkel and Trudeau really angry?
Probably not taken seriously by Trump and his people.

Notice that WAPO story has no quotes, not attributions about Trump not wanting to go to Canada. For all we know the reporter(s) made it up or got it from someone who has no idea what Trump is thinking. Shows how low WAPO has fallen, its in the gossip rag category.