USA is a 'piggybank everyone is robbing', says Trump at G7

Blanche Robertson
June 9, 2018

The claim is part of his argument for imposing the tariffs on steel and aluminum imports, which Trump says will reduce the United States' trade deficit with its top trading partners.

But even before the G7 summit began, the USA and other participants were on a collision course on a number of issues. "It will start first of all to hurt US workers".

But they also made it clear that won't keep them from pushing Trump to end the tariffs, which they brand as illegal and bad for everyone's economy. "I saw the willingness on all the sides to find agreements and have a win-win approach for our people, our workers, and our middle classes".

Canadian Prime Minister Justin Trudeau started without Trump at 8:14 a.m., apologizing that they were "somewhat limited on time".

He said while the USA has kept its tariffs low to promote global free trade, other countries have left protectionist policies in place, disadvantaging the U.S. "Look forward to seeing them tomorrow".

In a Twitter rant on Thursday, Trump lashed out at Canadian Prime Minister Justin Trudeau, venting about Canadian tariffs on USA dairy products.

"Ultimately that's what you want, you want tariff free, no barriers, and you want no subsides because you have some countries subsidizing industries and that's not fair", Trump said.

The leaders worked late into the night on Friday at the luxurious and tightly secured riverside hotel where the summit is being held, with the White House tweeting a photo showing the leaders huddled around a coffee table at 11:20 p.m. ET, looking at what appeared to be a draft document marked up with highlighter.

The G7 meeting had threatened to fall apart this week because of the burgeoning trade war.

The leaders of both France and Germany have already stated that they will not sign a joint statement at the conclusion of the summit unless President Trump makes some concessions on key issues, including language related to the nuclear accord with Iran. The European Union also attends.

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Merkel's proposal was strongly supported by other leaders at the meeting, the official said, adding that European Commission President Jean-Claude Juncker said he was ready to invest personally in it.

Russian Federation was added to the political forum in 1997, which became known as G-8 the following year.

USA policy still does not recognize Russia's referendum taking control of Crimea and continues to identify the territory as "a part of Ukraine". A gathering of G-7 finance ministers days earlier concluded last week with a message of "concern and disappointment" about Trump from the other six countries.

When a CNN reporter asked Trump to respond to a question about whether he had sowed division in the G7 in what many have described as a G6-plus-one scenario, the president excoriated the reporter for perpetuating "fake news".

"The United States has been taken advantage of for decades and decades", Trump said at a press conference on the second day of a two-day summit in Canada.

The tone in the immediate run-up to the meetings at La Malbaie showed no sign of compromise between a U.S. president determined to disrupt the status quo to force more favourable terms for the USA, and six United States allies resolved to stop him. "We'll see how it all works out".

Tension has been building over a year of policymaking that has distanced the USA from traditional allies, including by Trump's decisions to withdraw the US from the Paris climate accord and the Iran nuclear agreement.

Leaving Friday for Canada - his first trip there as president - if he plays his cards right he can manage to only be in that country for less than 24 hours.

"President Trump is targeting the dairy sector because he wants to dump USA dairy into Canada", Lampron told The Canadian Press, adding that Canada imports five times more dairy from the US than it exports.

In response, Canada, Mexico and the European Union said they were putting in place their own retaliatory measures.

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