Trump delivers warning on trade as he leaves G-7 summit

Trade War EU to Hit U.S. Motor Bike Jeans Imports with Tariff Retaliation in Weeks			AP  Alan Diaz		7 Jun 2018

Apart from this nascent trade war, Trump has also pulled the USA out of the Iran nuclear deal, threatening foreign companies that still want to do business there.

And now, Morneau added the tariffs to Canada's list of deal breakers on NAFTA. Right now, we are not going to live with the deals the way they are.

"The U.S. has been taken advantage of for decades and decades, and we can't do that anymore", Trump said. The United States' closest trading partners - the EU, Canada and Mexico - have vowed to impose retaliatory tariffs on scores of U.S. products beginning in the coming weeks.

Officials from the European Union also attend the meetings.

Mr Tusk said: "What worries me most, however, is the fact that the rules-based global order is being challenged, surprisingly not by the usual suspects but by its main architect and guarantor - the US".

In a thinly veiled swipe at the United States, the PM said "not all countries play by the rules" and insisted "just because a country has issues with its trading partners, it doesn't mean that you take unilateral against them". Why are we having a meeting without them?

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He said: "Russia should be in this meeting". The White House said he would leave talks four hours earlier than originally planned.

Trump, in a Twitter tirade on Thursday, pointed fingers at Canadian Prime Minister Justin Trudeau and French president Emmanuel Macron, stating that "they are charging the US massive tariffs and create non-monetary barriers".

Most recently, Trump pulled the US out of the Iran nuclear agreement, following his earlier decision to withdraw from the Paris climate accord. Trump has said that Russian Federation should have been readmitted to the negotiations.

Once again, Trump emphasized that the days of the USA getting the short end of the stick in its trading relationships with the world were over under his watch.

And he made clear that extends to the current deal the U.S.is renegotiating with its continental neighbours, Canada and Mexico.

The confrontation over US tariffs on steel and aluminum threatened to rupture the G7, which during its 43-year history has traditionally sought to find consensus on the economy and other issues.

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When a CNN reporter asked Trump about anger and frustration from U.S. allies over trade, he lambasted the reporter and his "fake friends at CNN".

Macron came to Ottawa ahead of the G7 summit in part to talk strategy with Trudeau on how to deal with a mercurial president who likes to be liked. But the lead ministers from both countries talked trade on the sidelines of the G7 leaders' meeting on Friday. "And that's a very profitable answer, if we have to do it".

He said he didn't blame the other world leaders, saying their countries struck good deals at America's expense, and said he blamed previous USA presidents.

However, Trump wasn't the only one calling for Russia's return.

He says he spoke with world leaders about his trade policies and called for the elimination of tariffs, trade barriers or subsidies. Canadian officials explained that the United States and Japan did not sign on because they did not want to commit to firm targets to reduce plastics. "As an example, 270 per cent, nobody knows that". Canada too says it remains opposed.

"We're like the piggy bank that everybody's robbing, and that ends", he said, taking aim at Canada's supply managed dairy sector in particular.

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