Trump Threatens To End Trade With United States' Closest Allies

Trade War EU to Hit U.S. Motor Bike Jeans Imports with Tariff Retaliation in Weeks			AP  Alan Diaz		7 Jun 2018
Trade War EU to Hit U.S. Motor Bike Jeans Imports with Tariff Retaliation in Weeks AP Alan Diaz 7 Jun 2018
Author

10 June, 2018

Why isn't the European Union and Canada informing the public that for years they have used massive Trade Tariffs and non-monetary Trade Barriers against the U.S. Totally unfair to our farmers, workers & companies.

In a pair of tweets, Trump lashed out at his G-7 host, accusing its leader of being dishonest and weak and contending that Canada had taken advantage of USA interests.

The six-plus-one tone of the gathering in Quebec means the leaders from Canada, Britain, the United States, France, Germany Italy and Japan are unlikely to issue a joint statement, too sharply divided on trade or the environment to reach consensus.

He left the summit early to travel to Singapore for a landmark meeting with the North Korean leader Kim Jong-un to try to persuade him to give up the country's nuclear weapons.

Despite smiles and jokes for the cameras, the tension among the leaders was clear. Trump said he had not spoken with Russian President Vladimir Putin in a while.

Canada charges the US a 270% tariff on Dairy Products! "It could be with Canada, with Mexico, one-on-one", the president added. Morneau said progress is being made, but more work needs to be done to conclude the negotiations. "So we are going in with a really positive spirit".

Good question-and there's a solid chance that it won't be signed by the U.S.at all. Mexico and Canada have also responded with their own retaliatory tariffs.

What else did Trump have to say?

On Canada, he is repeating his criticism of Canadian dairy but says he wants to make a deal on NAFTA, with two different types of sunset clauses - a stumbling block for Canada in the past.

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"They do so much more business with us than we do with them. the numbers are so astronomically against them. we win that war a thousand times out of a thousand".

Trudeau said Canada wasn't backing down.

The trade spat has dominated the meeting, with Canada and European leaders threatening retaliatory action in response to United States tariffs on steel and aluminum.

Trump also repeated an earlier proposal that US trading partners should drop all trade barriers, including tariffs and subsidies to industries and producers in their own countries. Then he pulled the US out of the Paris accord the following week.

The president also called Trudeau "indignant" on trade and accused Canada of charging the U.S.

Earlier in Ottawa on Thursday, Trudeau offered Trump some qualified kudos on his North Korea peace efforts, along with Macron and Japanese Prime Minister Shinzō Abe.

The president says the USA is "pretty close" to an agreement on the North American Free Trade Agreement (NAFTA) and discussing two types of sunset provisions in which any of the countries could leave the deal.

Straight from the alpha male playbook, Macron first gripped Trump above the elbow, offered his hand palm up and then they pumped hands for several seconds.

The disputes threaten to derail a meeting that Trudeau had planned, focusing on inclusive growth, gender equality and protecting oceans. But the lead ministers from both countries talked trade on the sidelines of the G7 leaders' meeting on Friday.


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