Thursday, 21 June, 2018

G7 leaders meet amid fear of a global trade war

“Capture and Burning of Washington by the British in 1914.”
U.S. Library of Congress  HO “Capture and Burning of Washington by the British in 1914.” U.S. Library of Congress HO
Sammy Stanley | 09 June, 2018, 01:07

U.S. president Donald Trump is scheduled to come to Canada tomorrow to participate in the G7 summit.

At one point, Macron waxed on about the apparent negative effect of US hegemony, and suggested nothing short of sheer human mortality and the sweep of history would undo Trump's decision to dump the climate accord that was struck in the French capital nearly three years ago.

US President Donald Trump has said Russian Federation should also be attending a Group of Seven nations (G7) summit, a controversial idea even Moscow seemed to reject, as he headed for a chilly reception at the meeting in Canada, where other G7 leaders are set to clash with him over trade. "Look forward to seeing them tomorrow", Trump wrote.

Macron called on other G7 leaders not to water down a joint communique at the end of the summit, at the expense of shared values, simply in an effort to win Trump's signature, warning that a "G6 plus one" outcome was possible.

But Trump, who frames his trade moves as a fulfillment of his campaign promises, is vowing to hold firm, tweeting Thursday: "Take down your tariffs & barriers or we will more than match you!"

According to the sources, Trudeau pressed Trump on how he could justify the tariffs as a "national security" issue.

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Under Trump, the United States has abandoned its traditional role in the G-7 as an advocate for freer global trade, instead pushing more protectionist policies.

Trump said as he departed the White House for the summit in Quebec.

Stephen Colbert grills Bill Clinton on his 'tone-deaf' #MeToo interview
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Specifically, Macron reportedly said that Trump would be excluded from a group declaration of unity to conclude the summit, a punishment for Trump's recent trade threats levied at the United States' closest allies.

"Please tell Prime Minister Trudeau and President Macron that they are charging the USA massive tariffs and create non-monetary barriers", he wrote late Thursday.

Meantime, Italy's new premier is backing Trump's call, tweeting his support on Friday.

Trudeau was angered Trump utilized the rarely invoked "national security" provision to justify the tariffs, and in doing so was alluding that Canada was a threat to USA national security.

"There are questions about what is going to be the dynamic around the G7 table, and I can say it will be very similar to other G7 tables, where we highlight and discuss many things we're agreed on and have differences opinion on other things", Trudeau explained. The fact is that the US-Canada trade is nearly equal, and if you count both goods and services, it is the US that runs the surplus. Other members of the Group of Seven are France, Italy, Japan, Germany and Britain. Something tells me that if Mar-a-Lago was sacked Trump would know exactly who was responsible.

Officials from the European Union also attend the meetings.

"Within the context of the rights that the existing accord gives us, we are answering", Guajardo said.

Other G7 leaders, including British Prime Minister Theresa May and German Chancellor Angela Merkel, have also spoken out against the US tariffs. Trump also said at the time that he was undecided about the climate change agreement.

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