Friday, 17 August, 2018

'Fair trade now fool trade': Trump hits back at G7

US President Donald Trump accuses India of charging 100 per cent tariff on some imports US President Donald Trump
Ginger Lawrence | 12 June, 2018, 01:22

However, despite Trump's heated rhetoric, the USA ambassador to Germany, Richard Grenell, has expressed confidence that the trade conflict can be settled, but said it would take some time. Perhaps the harm done by higher tariffs on imported steel and aluminum are not worth the potential benefits from lower tariffs.

On June 7 - the eve of Trudeau's G7 summit - Trump sends out another missive - "Prime Minister Trudeau is being so indignant, bringing up the relationship that the USA and Canada had over the many years and all sorts of other things ... but he doesn't bring up the fact that they charge us up to 300% on dairy - hurting our Farmers, killing our Agriculture!"

The joint communique was published online before Trump tweeted his disapproval after comments made by Canadian Prime Minister Justin Trudeau on the new trade tariffs. Trump then announced he was pulling USA support for the joint G7 communique that had been agreed to just hours earlier.

Navarro, the Trump trade adviser, said his harsh assessment of what "bad faith" Trudeau did with "that stunt press conference" on Saturday "comes right from Air Force One".

"Justin Trudeau's left eyebrow detached after meeting Trump - so what? And tariffs are going to come way down, because people can not continue to do that", he added. "You don't get into a fight with a skunk".

British Prime Minister Theresa May also went out of her way to thank Trudeau "for his leadership and skillful chairing" of what she called "a hard summit with at times some very candid discussions".

Trump and his deputies took issue with Trudeau for telling a news conference at the end of the G7 conference that Canada would not be pushed around on tariffs - a point he had made several times before.

Italy closes ports to migrant ship in row with Malta
Salvini, the leader of the far-right League, was rejected by Malta who said the ship fell under Italy's jurisdiction. Maltese Premier Joseph Muscat also refused to take in the Aquarius ship of the humanitarian group SOS Mediterranee.

Trump arrived late for a gathering of G7 leaders focused on gender diversity on Saturday morning. If the European Union and Canada disarmed, as it were, and reduced all their tariffs to zero, the USA would follow suit, and Trump would be responsible for ushering in a new trade order that benefits all. These are the kinds of things that are common challenges across our countries and around the world where anxiety about economic prospects of individuals and particularly of their kids leads to unpredictability and sometimes political uncertainty.

The added challenge now, said the source, is to ensure a "professional" tone returns to those discussions. "After the last few days, it's hard to tell", he tweeted. During the press conference, Trudeau called the meeting a success but pledged to retaliate against American tariffs.

Those trade talks have stalled over Canada and Mexico's opposition to a so-called sunset clause.

French President Emmanuel Macron's office also slammed Trump's decision to reject the official communique and denounced the United States president's negotiating tactics. Hours ago, Secretary of State Mike Pompeo held a news conference in which he said Trump is prepared to offer North Korea unprecedented security assurances, although he did not specify what these guarantees would be.

Kudlow further warned Canada of undermining the spirit of upcoming US-North Korean summit on June 12 by passing out such comments. I'm wondering, though, if you could square that with the comments that President Trump made as he was leaving, that the US has been taken advantage of for decades.

When Trump's angry tweets first surfaced, Trudeau's staff thought it might have been a joke. The agenda for this year's meeting revolves around equality, women empowerment, working on climate change and most importantly Investing in growth that works for everyone [economically], well it worked for everyone other than President Trump.