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

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

Despite his sharp differences with US allies, the president insisted he has a "great relationship" with his foreign counterparts.

The confrontation over USA 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.

Trump accused Trudeau of being "indignant" for "bringing up the relationship that the USA and Canada had over the many years and all sorts of other things".

Before departing the summit, Trump doubled-down on his assertions that the United States has been subjected to unfair trade duties for many years.

Trump's abbreviated stay at this Quebec resort saw him continuing the same type of tough talk on trade as when he departed the White House, accusing the summit's host, Canadian Prime Minister Justin Trudeau, of being "indignant". But Vice President Mike Pence called and demanded he agree to a clause that would end NAFTA unless the three countries agreed to extend it every five years.

Trudeau refused, and the meeting was off.

"We have to have deals that are fair", Trump said.

Yesterday he added another item to that list - calling for Russian Federation to be readmitted to the G7 group of nations.

"We're not looking to play games", he said. Bannon said China is "now on notice that Trump will not back down from even allies" complaints in his goal of "America First'".

The two-day summit in Canada has been marred by fears of a trade war and tit-for-tat exchanges of hostile tweets, with U.S. trading partners furious over Mr Trump's decision to impose tariffs on steel and aluminium imports from Canada, the European Union and Mexico as part of his "America First" agenda.

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"The other leaders have been calling this G6 + 1 because Trump has been so isolated ever since this began, and that's because he launched an outright attack - that's in the view of the other members - on the global trading system by raising tariffs on steel and aluminum". He says: "That's the way it should be".

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!

Before heading off to La Malbaie, in Ottawa, Macron and Trudeau offered an olive branch of sorts by offering Trump a modest measure of support in his historic meeting in Singapore with North Korean leader Kim Jong Un following the G7 summit.

Though the USA appears increasingly isolated from its allies, Trump on Saturday insisted that his relationships with other leaders remains "great".

The President warned Canada and Europe to back off their threats to hit back with retaliatory trade measures on July 1 if the USA does not lift the steel and aluminum levies.

If leaders were "cordial" with Trump he may have taken it the wrong way.

"I don't know if there was surprise with president Trump's free trade proclamation but they certainly listened to it and we had lengthy discussions about that", Trump's economic advisor Larry Kudlow said.

The U.S. president is lashing out on several fronts.

Trump arrived at the Group of Seven summit in Quebec on Friday amid tensions with his counterparts over tariffs the United States recently slapped on Canada, Mexico and the European Union, citing national security risks.

The White House also announced he would cut short his time at the two-day summit and leave on Saturday morning. Mr. Trump declared tariffs were the most important topic at the G7 summit, blasting ally nations for what he sees as them taking advantage of the U.S. He said other nations have been treating the U.S. like the "piggy back that everybody's robbing".

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