Trade disputes cast chill over G7 leaders' summit in Canada

Trade disputes cast chill over G7 leaders' summit in Canada

Trade disputes cast chill over G7 leaders' summit in Canada

Trump signalled that he was in no mood to compromise as he met with Japanese Prime Minister Shinzo Abe, who has tried to cultivate a friendly relationship with the American president. He engaged him on Twitter.

Tweeting in English, Macron stressed: "No leader is eternal".

"We will also obviously have some very robust discussions on trade", Trudeau said.

He told reporters: "Maybe the American president doesn't care about being isolated today, but we don't mind being six, if needs be".

On the eve of the summit, Mr. Trump said little about his goals, but had messages for two of the leaders he plans to meet with.

Not to be undone, Trump responded on Twitter saying that both Macron and Canadian Prime Minister Justin Trudeau "are charging the USA massive tariffs and create non-monetary barriers". The EU trade surplus with the U.S.is $151 Billion, and Canada keeps our farmers and others out, " he tweeted, adding, "Look forward to seeing them tomorrow".

Trump himself is reportedly unhappy at having to attend G7 on the eve of his historic meeting with Kim Jong-un in Singapore.

Macron called on other G7 leaders not to water down a joint communique at the end of the summit, at the expense of shared values, simply in an effort to win Trump's signature, warning that a "G6 plus one" outcome was possible.

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Mr Trudeau has described the U.S. claim that the tariff decision was taken on national security grounds as "insulting".

While there have been disputes over policy, analysts say the current dust-ups between the Trump administration and longtime US allies point to a potential shift in worldwide dynamics.

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.

The U.S. and the rest of the G-7 countries depend on each other for security and as economic partners, so the governments will have incentives to find some common ground.

The G7 will be discussing various issues, including disagreements and agreements on trade, tariffs and Canadian exports. "If it doesn't happen, we come out even better!"

At last year's summit in Sicily, Mr Trump would not agree to sign a closing statement on climate change and withdrew the U.S. from the Paris agreement days later.

German Chancellor Angela Merkel said she expected "difficult discussions" at the summit while Canada and Mexico already have retaliated against a range of US exports and the European Union has promised to do so as well, raising the specter of a tit-for-tat escalation. Among allies, there was even been speculation that Trump might walk out of the meetings - or even decide not to show up. Trump's policies have been more protectionist and confrontational, driven by a perception that the USA has been the victim of poorly conceived trade deals.

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