Theresa May slams 'UNJUSTIFIED' Trump tariffs as TRADE WAR with European Union looms

Larry Hoffman
June 10, 2018

Trump's apparent threat to end US trade deals with top allies came as he feuded with French President Emmanuel Macron, Canadian Prime Minister Justin Trudeau and other leaders over the trade war he instigated late last month.

Mr. Trump responded directly to this statement in a tweet Saturday evening, writing that Trudeau "acted so meek and mild" and then held the press conference afterward criticizing the U.S.

Trump had entered the summit amid a spat with Trudeau and French President Emmanuel Macron over us tariffs on steel and aluminum.

"The United States has been taken advantage of for decades and decades and we can't do that anymore". "With one country we have $375 billion in trade deficits".

But by insisting on re-negotiating every five years, Trump is diametrically opposed with Canada, which says the sunset clause would create perpetual uncertainty and harm long-term investment.

European officials said Trump had tried to water down the language in the draft final summit communique on the WTO and rules-based trade.

He added, "if they retaliate, they're making a mistake".

The PM also said she had spoken to Mr Trump "briefly" at the summit about his upcoming visit to the UK. He reiterated his longstanding view that the USA has been taken advantage of in global trade, adding, "We're like the piggy bank that everybody's robbing and that ends". The United States pays enormous tariffs on dairy.

Despite the tension and determination of European leaders President Emmanuel Macron of France and Chancellor Angela Merkel of Germany to push back on Trump's assault on the world trade system, when Trump left it was thought a compromise had been reached.

"We're either going to have NAFTA in a better negotiated form or we're going to have two deals", the USA president said. "We have a little test every once in a while when it comes to trade".

In an "extraordinary" exchange, Mr Trump repeated a list of grievances about U.S. trade - mainly with the European Union and Canada, a French presidency official said.

Whatever the text eventually says, Canada's summit will be remembered mainly for fierce disagreements over Trump's tariffs and his surprise request to return Russian Federation to the G7 fold, four years after its expulsion over the annexation of Crimea.

Despite the sharp differences, Trudeau said all seven leaders had come together to sign a joint declaration despite having "some strong, firm conversations on trade, and specifically on American tariffs".

Canadian Prime Minister Justin Trudeau addresses a press conference at the conclusion of the G7 summit in La Malbaie, Quebec, June 9, 2018.

Trump was the last G7 leader to arrive and on Saturday, he will probably be the first to leave, in a hurry to move on to his nuclear summit with North Korea's Kim Jong Un in Singapore.

A German government official said the plan would see direct talks between the European Union and the U.S. start straight away, and last around two weeks, focused on how much, or whether, European Union trade policy endangers USA national security interests.

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