Trudeau Rejects US Proposal on Bilateral Trade

08 June, 2018, 17:15 | Author: Sue Mclaughlin
  • Theresa May slams Trump for imposing tariffs on allies

The White House is expecting a chilly reception from Canada and West European countries, already frustrated over Trump's withdrawal from the Paris climate accord and the Iran nuclear agreement.

French President Emmanuel Macron knows how to get a reaction out of President Donald Trump.

"If you're a foreign leader you have to realize if you try to butter up Trump it doesn't really matter, it's a one way street".

The reading significantly undershot a Reuters poll of analysts, who had predicted a 0.8 per cent rise.

Although Mr Trump insists the tariffs are necessary to protect USA industry, Canada and European Union chiefs have denounced them as illegal.

"They are relying on the overwhelming strength of the U.S.to compel a much weaker neighbour to give in to whatever they demand, " Bothwell said.

The French president added that he and Trump would have a "frank" exchange at the G-7 summit in Canada later this week, which leads me to conclude that perhaps Macron was just craving hot dogs that day.

Trump, who met with Japanese Prime Minister Shinzo Abe in Washington before the summit, may be more preoccupied with next week's historic nuclear summit with North Korean leader Kim Jong Un.

President Trump launched an attack on host leader Canadian PM Justin Trudeau on Thursday night, describing him as "indignant", with officials predicting the mood is likely to be exceptionally tense.

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America's closest allies braced for a showdown with President Donald Trump at the G7 summit Friday, as anger at being slapped with trade tariffs by their most powerful member threatened to split the club.

"So maybe the American president doesn't care about being isolated today but neither do we mind signing a six-country agreement if need be". The announcement came as talks stalled between the U.S., Canada and Mexico over renegotiating the 1994 North American Free Trade Agreement.

At the summit in Charlevoix, Quebec, Trump will hold bilateral meetings with Macron and Trudeau, in addition to attending working sessions with all of the G-7 leaders.

Mr Trump's top economic adviser Larry Kudlow says other are counties are to blame for the current situation because they have taken advantage of the US.

Macron made clear Thursday that the other six countries wouldn't hesitate to go it alone.

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.

Canada also announced retaliatory tariffs on $12.8 billion (£9.5 billion) worth of USA goods, including steel and aluminum products, mayonnaise, and sleeping bags.

"This is the first time the USA government is seen as truly acting in bad faith, in treating allies as a threat, in treating trade as negative and fundamentally undermining the system that it built, " said Adam Posen, president of the Peterson Institute for International Economics.

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