Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Trump Says 'Unfair Trade' at G-7 as He Maps Plan to Exit Early

Published 06/08/2018, 07:43 AM
Updated 06/08/2018, 08:00 AM
© Reuters.  Trump Says 'Unfair Trade' at G-7 as He Maps Plan to Exit Early

(Bloomberg) -- The Group of Seven is kicking off with more Donald Trump threats on trade, queuing up a whirlwind 24 hours of talks between allies before the U.S. president leaves early.

“Looking forward to straightening out unfair Trade Deals with the G-7 countries. If it doesn’t happen, we come out even better!” the president wrote on Twitter, hours before he’s due to arrive in Quebec. “I am heading for Canada and the G-7 for talks that will mostly center on the long time unfair trade practiced against the United States.”

The tweets confirm Trump will indeed come, after weeks of speculation he may cancel rather than endure widespread criticism from allies over steel and aluminum tariffs. Instead, he looks set to fire back with his America First mantra.

Other leaders, such as France’s Emmanuel Macron, have warned they won’t sign a joint statement that bows to Trump’s wishes. “The American President may not mind being isolated, but neither do we mind signing a 6 country agreement if need be,” he tweeted.

The G-7 summit is set up to be the most acrimonious in years, putting pressure on Justin Trudeau as host to bridge a divide between Trump and Europe, with Japan’s Shinzo Abe poised to fall somewhere in the middle. Trump will leave the summit early to attend a summit with North Korean leader Kim Jong Un.

Latest comments

What a man Trump is. He feels no hesitation to speak his mind.
This president is really weak. We need another one in 2020. But who?
The rest of the world will just carry on with the US in isolation. Trump thinks being the president is a TV show..
Hardly. Exports here represent over 20% of the entire GDP of Canada. Very high in many other countries as well. As much as they'd like to pretend so they can't isolate squat.
This is like watching a trainwreck in slow-motion. In a best case scenario Trump will get to renegotiate some partial ****that will be meaningless in the grand scheme of things, but he'll brag about it endlessly until the mid-terms. But if the EU, Canada, China, etc... don't wanna give him that satisfaction this will hurt international groth, and it will bring about as much hurt to the US as it does to other countries.. All in all, I hope the majority of the jobs that will be lost in the US as a result of this idiot's tantrums will be Trump voters, because they've brought it upon themselves.
Deeply sad, I j just can 't imagine  what  would be the fate of US in 5 to 10yrs to come.One should not show all your cards to the participant.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.