Published: Sun, June 10, 2018
Finance | By Loren Pratt

Trump trade fury torpedoes at Canada’s G7 summit

Trump, who argues his tariffs are meant to protect U.S. industry and workers from unfair global competition, told reporters he had suggested to the other G7 leaders that all trade barriers, including tariffs and subsidies, be eliminated.

U.S. President Donald Trump said on Saturday that he has asked U.S. representatives not to endorse the joint communique put out by the Group of Seven leaders after Canadian Prime Minister Justin Trudeau's "false statements" at a news conference.

"President Trump is targeting the dairy sector because he wants to dump USA dairy into Canada", Lampron told The Canadian Press, adding that Canada imports five times more dairy from the US than it exports.

USA dairy processors want to increase sales to Canada but high tariffs of almost 300 percent stand in the way.

"PM Justin Trudeau of Canada acted so meek and mild during our G7 meetings only to give a news conference after I left saying that, "US Tariffs were kind of insulting" and he 'will not be pushed around.' Very dishonest and weak". He reiterated that the recently imposed U.S. tariffs on metal imports from Canada and other nations are a response to what he believes is trade inequality.

In a statement, The Associated Press reported, a spokesman for Trudeau did not address Trump's tweeted insults.

The whole interaction was not as long as the epic 25-second handshake when Trump visited Paris last Bastille Day when it appeared that Trump simply would not let go.

It was part of a broader approach by foreign leaders to the second G-7 meeting of Trump's presidency.

Trudeau didn't answer the questions, responding to journalists at the photo op: "Good to see you guys".

Even so, the United States shipped almost C$600 million worth of dairy north in 2016, five times greater than Canadian sales to the United States.

Trump's personal attack on Trudeau is unprecedented in the countries' longstanding relationship.

President Trump arrived late and left early from the Quebec G7 Summit he didn't want to attend.

Representing a state suffering especially hard from farm failures and suicides, the US Senate minority leader, Chuck Schumer, recently echoed his Republican president in blaming Canada for the debacle.

Trump cautioned other nations - those in the G-7 and around the world - that the size of the USA economy means other nations can't win a trade war.

The Prime Minister said the United Kingdom still wanted to discuss a post-Brexit trade deal with the USA and said Mr Trump was still looking forward to July's visit to Britain.

President Trump said retaliation tariffs from his allies were a "mistake" and warned that if it got as far as a trade war, then the U.S. would "win that war a thousand times out of a thousand".

"This isn't just G7".

One senior European diplomat rejected Trump's 10-out-of-10 assessment.

The summit came during an ongoing trade dispute with China and served as a precursor to the unprecedented meeting with Kim, in which Trump has sought to extend a hand to the Asian autocrat who has long bedeviled the worldwide order. "And that ends", Trump said.

"The United States will not allow other countries to impose massive Tariffs and Trade Barriers on its farmers, workers and companies", Mr. Trump continued.

The president has been a disruptive force for the global trading order, insisting other countries move to reduce barriers he said have left the US with a trade deficit of more than $800 billion. 45 of 50 U.S. states export more to the European Union than they do to China.

In Trump's first public remarks on Canadian soil, he once again reiterated his desire for separate trade deals with Canada and Mexico, instead of the North American Free Trade Agreement. "And if it's not fixed, then we're not going to deal with these countries". A Canadian official said the leaders discussed accelerating the pace of the talks.

But Trudeau objected strenuously to a sunset clause of any length.

Both sides suggested some progress in NAFTA talks, with White House spokeswoman Sarah Huckabee Sanders saying they were "close to a deal", though adding there was also discussion of a bilateral deal. "That's our unequivocal position", he said. Mr Trump said the move would protect domestic producers that were vital to USA security.

Watch Trump's comments in full below.

Russian Federation was suspended in 2014 because of its annexation of Crimea from Ukraine.

Trump placed the blame on his predecessor, President Barack Obama.

"If you tax trade through tariffs there's no guarantee that domestic sources will replace it, plus the loss of trade undermines competition, it reduces productivity, it removes the incentive to innovate, and makes everyone poorer", the official said.

Trudeau announced hours earlier that all G7 members had endorsed the joint communique, despite the recent trade tensions between the United States and other G7 allies. "If steps are not taken, the penalties would be severe", Trump said.

Trump joined the leaders of major industrialized nations in an idyllic Canadian resort town after days of escalating conflict over new USA tariffs he slapped on imports of steel and aluminum.

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