Trump sticks with hard line on trade as showdown looms at G7

Trump sticks with hard line on trade as showdown looms at G7

Trump sticks with hard line on trade as showdown looms at G7

Ottawa's refusal Tuesday to pursue a one-on-one trade deal with the United States came after Donald Trump's top economic adviser said the president was serious about pursuing bilateral agreements with its NAFTA partners.

Canadian Prime Minister Justin Trudeau (R) is greeted by U.S. President Donald Trump prior to holdiing talks at the White House in Washington, U.S., February 13, 2017.

Trudeau wanted the G7 to be a moment for Canada to shine, but the summit is rapidly turning into an exercise in pure survival: prevent Trump from taking a wrecking ball to the exclusive club of the world's leading democracies, to say nothing of the country's most critical trade nexus.

The fallout from Trump's imposition of steel and aluminum tariffs on his G7 partners, as well as broader disagreements on trade and climate change, was also fuelling the G6-plus-one divide that has the US increasingly offside with its allies.

His advisers have said he is trying to use the threat of tariffs as leverage to force other countries to lower barriers in a way that would allow more USA imports.

"The American President may not mind being isolated, but neither do we mind signing a 6 country agreement if need be".

"That Canada could be considered a national security threat to the United States is inconceivable", Trudeau said, according to the Associated Press.

Trudeau called the tariffs an affront to the longstanding security partnership between Canada and the United States, and Canada announced retaliatory steps. "The EU trade surplus with the U.S.is $151 Billion, and Canada keeps our farmers and others out".

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The US imposed tariffs on steel and aluminium imports from its allies - the EU, Canada and Mexico - last week. She also said the lack of room for compromise meant leaders might not agree on the traditional final statement.

"You can go and ask the people who make comments, but here in Paris we don't make comments on how it went, or how hot, cold, warm or awful things are".

But rhetoric on all sides has only become more heated, and Macron took it to another level in his Twitter post on Thursday.

Kudlow also said he relayed Trump's message to a senior member of the Prime Minister Justin Trudeau's office. If Trump really is accusing them of historical crimes they didn't even have the ability to commit, I don't have much hope that we will avoid the certain economic catastrophe that we're barreling towards next month.

"We also want to work together on the enforcement of the existing worldwide rules and speeding up the development of a new set of guidelines for government-supported export credit".

Trump is expected to attend the Group of Seven summit on Friday and Saturday with the leaders of the world's largest economies before flying to Singapore for a historic meeting with North Korean leaderKim Jong Un on June 12.

Officials in Brussels, who are leading the member states' response, said nations had given broad support for a plan to set duties on €2.8bn (£2.5bn) of U.S. exports.

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