Posted on 06/07/2018 10:42:19 AM PDT by mandaladon
OTTAWA (Reuters) - Leaders of the Group of Seven rich nations headed for a summit in Canada on Thursday more divided than at any time in the group’s 42-year history, as U.S. President Donald Trump’s “America First” policies risk causing a global trade war and deep diplomatic schisms.
In a bid to rebuild America’s industry, Trump has imposed hefty tariffs on steel and aluminum imports, including those from key G7 allies like Canada, Japan and the European Union.
He has threatened to use national security laws to do the same for foreign car imports and has walked back on environmental agreements and an international deal to prevent Iran from building a nuclear bomb.
Trump will arrive in Canada on Friday, on the way to Singapore where he hopes to strike a historic nuclear deal with North Korean leader Kim Jong Un.
The U.S. president is in no mood for compromise over trade and now has frosty relations with Canadian Prime Minister Justin Trudeau, the summit host. Pleas by the other member countries for exemptions from the steel and aluminum tariffs, which went into effect on June 1, have fallen on deaf ears in Washington.
But rather than seek a fight with Trump at the summit, French President Emmanuel Macron made an appeal for productive discussion.
“In this environment, above all we always have to stay polite, stay productive and try to convince (them), to keep the United States on board because they are our historical ally and we need them,” Macron told a news conference held with Trudeau in Ottawa on Friday.
But he urged the other industrialized countries to stick together.
“We must not fall apart. The six other nations of the G7 represent a market that is larger than the American market,” Macron said.
(Excerpt) Read more at reuters.com ...
“You’d think he’d be eager to share his detailed knowledge of international trade policy with them”
Why? It is his advantage. Why share the advantage??
Like A Boss
Love that gif. It NEVER gets old.
POTUS giving the G7 the what for and exposing the globalist Iran “Deal” gravy-train, all at once.
LOL....POTUS Trump IS the red line :-)
I can’t seem to find what all of the various countries’ tariff rates for Steel and Al are.
China has sure built up a lot of steel capacity in the last 16 years.
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Top Aluminum Producing Nations Of The World
Rank Country Aluminum Production (in thousands of tons), 2014
1 People’s Republic of China 23,300
2 Russia 3,500
3 Canada 2,940
4 United Arab Emirates 2,400
5 India 2,100
6 United States 1,720
7 Australia 1,680
8 Norway 1,200
9 Brazil 960
10 Bahrain 930
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