Offbeat Trump at G-7 floats end to all tariffs, threatens major penalties for countries that don’t agree

18:54  09 june  2018
18:54  09 june  2018 Source:   msn.com

Trump will hit EU with steel, aluminum tariffs: report

  Trump will hit EU with steel, aluminum tariffs: report The Trump administration is expected to hit the European Union with steep tariffs on steel and aluminum.EU trade officials have spent the past couple of months trying to work out an agreement to stave off the tariffs and earn the 28-nation bloc an exemption.

Trump said Saturday evening that he had instructed U.S. officials to withdraw support for a joint statement with other member nations he had backed just G - 7 leaders had hoped the annual summit here would strengthen ties that had been tested by trade disputes. Instead, it ended in a war of words

Trump described private conversations he held over two days with the leaders of Britain, France, Germany, Italy, Japan and Canada. He said he pushed them to consider removing every single tariff or trade barrier on American goods, and in return he would do the same.

QUEBEC CITY - President Trump told foreign leaders at the Group of Seven summit that they must dramatically reduce trade barriers with the United States or they would risk losing access to the world’s largest economy, delivering his most defiant trade threat yet to his counterparts from around the globe.

Trump, in a news conference before leaving for Singapore, described private conversations he held over two days with the leaders of Britain, France, Germany, Italy, Japan, and Canada. He said he pushed them to consider removing every single tariff or trade barrier on American goods, and in return he would do the same. But if steps aren’t taken, he said, the penalties would be severe.

Justin Trudeau Hits Out at Trump's Trade Tariffs

  Justin Trudeau Hits Out at Trump's Trade Tariffs Canada's prime minister immediately retaliated against the U.S. tariffs, calling them "totally unacceptable."After months of negotiation, the Trump administration finally imposed much-talked about tariffs Thursday morning on the United States' closest allies—Mexico, Canada, and the European Union.

Trump demands end to ‘unfair’ trade after G 7 summit Reuters. ‘The gig is up’: Trump demands Canada dismantle supply management or risk trading relationship CBC.ca. Catherine Rampell: Trump is waging a trade war in the dumbest way possible Salt Lake Tribune.

If they don ' t back down and Trump does try to stop - or at least slow - the flow of trade, it could impact the flow of hundreds of billions of dollars in goods, potentially Representatives from other G - 7 countries said they felt like they had made progress in conveying their positions to Trump , something

“We’re the piggy bank that everybody is robbing,” Trump said. “And that ends.”

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The U.S. leader said his dealings with others leaders were cordial, and he repeatedly blamed past U.S. leaders for the current trade imbalance rather than other nations he said were savvy to take a good deal when they found one.

Trump repeated his view that Russia should be readmitted despite its annexation of Ukraine’s Crimea four years ago.

The leaders discussed the question of Russia’s inclusion in the group but reached no conclusion, Trump said.

“We didn’t do votes or anything, but it has been discussed,” he said.

Trump first referred to the Crimean annexation, which led to the G-7 disinviting Russia, only obliquely.

Canada is slapping tariffs on $12.8 billion of US goods — here are the states that stand to lose the most

  Canada is slapping tariffs on $12.8 billion of US goods — here are the states that stand to lose the most President Donald Trump announced steel and aluminum tariffs on Canada.Prime Minister Justin Trudeau announced that Canada will impose retaliatory tariffs on $12.8 billion worth of US goods in response to Trump's metals tariffs.

Trump says his tariffs are meant to protect U.S. industry and workers from unfair international competition as part of his “America Earlier on Saturday, Trump told reporters it would be “very easy” to make the case for tariffs on auto imports using the rationale that they threaten national security.

US President Donald Trump says he proposed the elimination of tariffs in talks at the G 7 summit in Canada, as the major industrial nations What did Trump say? Briefing reporters before he left the town of La Malbaie, in Quebec province, Mr Trump denied that the G 7 summit had been contentious.

“Something happened awhile ago where Russia is no longer in,” he said. “I think it would be good to have Russia back in.”

Donald Trump wearing a suit and tie© Provided by WP Company LLC d/b/a The Washington Post

“We’re looking for peace in the world. We’re not looking to play games,” Trump added.

Russia is a permanent member of the United Nations Security Council and plays a significant role in international security issues. Trump is not the first politician to make the real politik argument that Russia belongs at the G-7 table, but his position is a complete turnabout from the Obama administration, which condemned the 2014 Russian annexation from Ukraine and imposed sanctions on Russia in punishment.

“Crimea was let go during the Obama administration and you know Obama can say all he wants, but he allowed Russia to take Crimea. I might have had a very different” response, Trump said.

Trump’s pitch that world leaders eliminate all tariffs – or else – was his latest attempt to reorder the global trading system, which he says is stacked unfairly against the United States. The two-day summit here was intended to cool tensions between Trump and other world leaders, but as they departed on Saturday it became clear that many are still searching for answers and also searching for ways to deal with the unpredictable U.S. leader.

Macron on Trump's clash with Europe: No leader is forever

  Macron on Trump's clash with Europe: No leader is forever French President Emmanuel Macron on Thursday delivered a stark message to President Trump, promising to resist "hegemony" and warning that no leader lasts forever. Asked whether Trump did not care about "being isolated" from other world leaders, Macron responded, "Maybe, but nobody is forever.

Canadian Prime Minister Justin Trudeau sharply criticized Trump ’s tariffs and promised Canada would answer with its own on July 1 unless the United “I highlighted directly to the president that Canadians did not take it lightly that the United States has moved forward with significant tariffs on our steel and

For example, on Friday evening, the White House issued a statement saying Trump and Canadian Prime Minister Justin Trudeau were very close to a deal to rework the North American Free Trade Agreement.

But during his comments on Saturday morning, Trump said there were still a number of different ways the NAFTA talks could play out, including the possibility of doing separate deals with Mexico and Canada, effectively cleaving the 20-year agreement in two.

“It was not contentious,” Trump said. “What was strong was the language that this cannot go on, but the relationships are very good.”

Trump gave a much different account of the talks during the two day summit as other officials. Canadians, for example, said Trudeau pushed back firmly on Trump’s imposition of tariffs on steel and aluminum imports. But Trump made it sound like other countries acknowledged that they were cheating the U.S. in these trade deals and he had finally caught them in the act.

“The European Union is brutal to the United States and they know it,” Trump said, adding that other leaders acknowledge as much in private.

“It’s like the gig is up,” he said. “They can’t believe they got away with it.”

European officials described a much different interaction and have made no public moves to back down from threats of retaliation against Trump’s tariffs. They plan to impose new barriers of their own.

As for Trump’s proposal to eliminate all tariffs, Trump said it was other clear how other countries would respond.

“I did suggest it,” Trump said. “I guess they are going to go back to the drawing board and check it out.”

Trump threatens to hit China with new tariffs on $200 billion in goods .
U.S. President Donald Trump threatened on Monday to impose a 10 percent tariff on $200 billion of Chinese goods, escalating a tit-for-tat trade war with Beijing. Trump said in a statement he had asked the U.S. trade representative to identify the Chinese products to be subject to the new tariffs. He said the move would be in retaliation for China's decision to raise tariffs on $50 billion in U.S. goods."After the legal process is complete, these tariffs will go into effect if China refuses to change its practices, and also if it insists on going forward with the new tariffs that it has recently announced," Trump said.

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