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UK NewsTrade and economy in focus as G7 leaders get down to work

02:40  25 august  2019
02:40  25 august  2019 Source:   reuters.com

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Trump insists the U.S. economy is strong despite fears that a recession may be on the horizon. The dour global outlook is partly a reflection of Trump's combative approach to trade with China and Trump is also scheduled to meet on the sidelines of the summit with several world leaders , including

But with the trade war between China and the United States escalating, European governments Macron will host a dinner on the waterfront on Saturday before the leaders get down to talks on Macron said Bolsonaro had lied in playing down concerns about climate change at a G 20 summit in

Trade and economy in focus as G7 leaders get down to work © Reuters/CARLOS BARRIA G7 summit in Biarritz

By Crispian Balmer and Richard Lough

BIARRITZ, France (Reuters) - Leaders of the Group of Seven wealthy nations will discuss global trade woes at their annual summit on Sunday, likely laying bare a yawning divide between U.S. President Donald Trump and his Western allies.

Trade and economy in focus as G7 leaders get down to work © Reuters/POOL G7 summit in Biarritz

The G7 gathering is taking place against a backdrop of growing worries about a global economic downturn and coincides with an era of international disunity across an array of issues that have strained decades-old allegiances.

Trump joined the leaders from France, Britain, Japan, Germany, Italy and Canada in the French coastal resort of Biarritz for three days of talks that kicked off on Saturday with an ambitious agenda that includes the defence of democracy, gender equality, education and climate change.

Trump's message to G7 leaders this weekend: Be more like U.S.

Trump's message to G7 leaders this weekend: Be more like U.S. UK-G7-SUMMIT-TRUMP:Trump's message to G7 leaders this weekend: Be more like U.S.

Country leaders from the Group of Seven , known as G 7 , which includes the United States, Japan But it would be easy for them to lay down a strong marker this weekend that such predatory Focusing on one or two high-priority agenda items, such as free trade and Hong Kong, is the way to

Leaders of the G 7 nations arrive in France on Saturday for a summit as a brewing US-China Macron will host a dinner on the waterfront on Saturday before the leaders get down to talks on Sunday Macron said Bolsonaro had lied in playing down concerns about climate change at a G 20 summit in A French diplomatic source said advisers to the G 7 leaders were working on concrete initiatives to

Trade and economy in focus as G7 leaders get down to work © Reuters/POOL G7 summit in Biarritz

The delegations had barely arrived before divergences were exposed, with senior U.S. officials accusing the host, French President Emmanuel Macron, of looking "to fracture the G7" by focusing on "niche issues" rather than major global concerns.

France denied this, pointing to Sunday's initial session covering the economy, trade and security - areas that used to draw easy consensus but are now sources of great friction.

Trump arrived in France just hours after escalating his trade war with China in a tit-for-tat battle between the world's two largest economies that has spooked financial markets.

"I am very worried about the way it's going, the growth of protectionism, of tariffs that we're seeing," British Prime Minister Boris Johnson said on Saturday.

Global disputes likely to thwart unity at G7 summit in France

Global disputes likely to thwart unity at G7 summit in France UK-G7-SUMMIT:Global disputes likely to thwart unity at G7 summit in France

President Donald Trump and other leaders of the world's most industrialized nations will open their Trump insists the U.S. economy is strong despite fears that a recession may be on the horizon. The dour global outlook is partly a reflection of Trump's combative approach to trade with China and other

Trump insists the U.S. economy is strong despite fears that a recession may be on the horizon. The dour global outlook is partly a reflection of Trump’s combative approach to trade with China and Trump is also scheduled to meet on the sidelines of the summit with several world leaders , including

"Those who support the tariffs are at risk of incurring the blame for the downturn in the global economy, irrespective of whether or not that is true."

Underlining the discord, Trump also threatened his host on the eve of the summit, saying the United States would tax French wine "like they've never seen before" unless Paris dropped a digital tax on U.S. technology companies.

Trade and economy in focus as G7 leaders get down to work © Reuters/POOL G7 summit in Biarritz

Leaping into the fray, European Council President Donald Tusk, who takes part in the G7 discussions, warned the EU would respond "in kind" if Trump acted on his threat.

Trade and economy in focus as G7 leaders get down to work © Reuters/CHRISTIAN HARTMANN G7 summit in Biarritz

"This may be the last moment to restore our political community," Tusk told reporters on Saturday, giving a bleak assessment of Western relations.

Looking to broaden the scope of the debate, Macron has invited several African leaders to discuss the problems facing their continent, while leaders from India, Australia, Chile and Spain are due to attend a dinner on Sunday where the focus will be on the environment among other issues.

G7 leaders arrive for summit in France as global disputes threaten unity

G7 leaders arrive for summit in France as global disputes threaten unity Squabbles erupted among G7 nations on Saturday even before their leaders had gathered for an annual summit, exposing sharp differences on global trade tensions, Brexit, and how to respond to the fires raging in the Amazon rainforest. French President Emmanuel Macron, the summit host, planned the three-day meeting in the Atlantic seaside resort of Biarritz as a chance to unite a group of wealthy countries that has struggled in recent years to speak with one voice. Macron set an agenda for the group - France, Britain, Canada, Germany, Italy, Japan and the United States - that included the defence of democracy, gender equality, education and the environment.

President Donald Trump and other leaders of the world's most industrialized nations will open their Trump insists the U.S. economy is strong despite fears that a recession may be on the horizon. The dour global outlook is partly a reflection of Trump's combative approach to trade with China and other

President Donald Trump and other leaders of the world's most industrialized nations will open their Trump insists the U.S. economy is strong despite fears that a recession may be on the horizon. The dour global outlook is partly a reflection of Trump's combative approach to trade with China and other

Trade and economy in focus as G7 leaders get down to work © Reuters/POOL G7 summit in Biarritz

BREXIT SQUABBLES

Trump up-ended last year's G7 summit in Canada, walking out of the meeting early and disassociating himself from the final communique having initially endorsed the document.

France has got around that problem by doing away with the time-honoured communique, deciding it was not worth even trying to find common language.

While the transatlantic rift is the most stark, there are also deep divisions within the European camp, with Johnson making his G7 debut at a time when he is struggling to persuade EU capitals to renegotiate Britain's divorce from the bloc.

Johnson and Tusk, who are due to talk on Sunday on the sidelines of the summit, sparred ahead of the meeting over who would take the blame if Britain leaves the EU on Oct. 31 without a Brexit agreement acceptable to both sides.

"I still hope that PM Johnson will not like to go down in history as Mr No Deal," said Tusk, who leads the political direction of the 28-nation European Union.

Johnson later retorted that it would be Tusk himself who would carry the mantle if Britain could not secure a new withdrawal agreement.

Macron added to the internal EU strains by unexpectedly threatening on Friday to block an EU trade deal with a group of South American states over Brazil's handling of fires that are ravaging the Amazon rainforest.

Germany and Britain both voiced deep concern about the blazes, but disagreed with Macron on how to respond, saying shooting down the ambitious Mercosur trade accord would not help save the Amazon.

(Reporting by Richard Lough, Crispian Balmer, Marine Pennetier, John Chalmers, Jeff Mason, John Irish, Andreas Rinke, William James and Michel Rose; Writing by Crispian Balmer; Editing by Frances Kerry)

The Latest: UK, Australian leaders discuss post-Brexit trade.
BIARRITZ, France (AP) — The Latest on the summit of leaders from the Group of Seven democracies (all times local): 11:45 a.m. British Prime Minister Boris Johnson talked trade with his Australian counterpart at the Group of Seven summit in France as he sought to position his nation for a post-Brexit world. Johnson's office says he and Prime Minister Scott Morrison "discussed their enthusiasm for an enhanced and deep trading relationship once the U.K. leaves the EU." The two leaders also discussed concerns about Hong Kong "and agreed that it was paramount for all sides to remain calm and peaceful.

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