Published: Fri, June 08, 2018
Markets | By Otis Pena

Trump vows to deal with 'unfair trade' ahead of tense G7 summit

Trump vows to deal with 'unfair trade' ahead of tense G7 summit

Trudeau and Macron met in Ottawa this week ahead of the summit, where they joined together in a united front against Trump's tightening trade measures.

Most recently, Trump pulled the US out of the Iran nuclear agreement, following his earlier decision to withdraw from the Paris climate accord.

The German Chancellor also has a frosty relationship with Mr Trump as the U.S. president often disagrees with her country's trade policies.

Europe and hosts Canada warned US President Donald Trump on Thursday that they will not be intimidated at the G7 summit, despite fears that a trade war will weaken the Western alliance.

Trump, who aides said has little interest in multilateralism, resumed his tirade against Canada and "unfair trade deals" with G7 countries early Friday morning.

"As I highlighted to the president, Air Force One is going to be arriving at Bagotville, at an air base that was created to protect the aluminum industry that the North American and American war effort was so dependent on in the Second World War", Trudeau said.

But they expressed support for the US president's historic meeting in Singapore with North Korean leader Kim Jong Un, scheduled to take place early next week.

Where is the 44th G7 Summit being held and why are so numerous members frustrated with the United States?

Donald Trump says he may pardon late boxing legend Muhammad Ali
The former Cassius Clay died in 2016 at the age of 74 due to septic shock brought on by a respiratory illness. Mr Trump made the comments to reporters at the White House before he left for the G7 summit in Canada.

Canadian Prime Minister Justin Trudeau rejects a United States proposal to scrap the North American Free Trade Agreement in favor of a bilateral trade pact.

President Donald Trump speaks to reporters before leaving the White House on June 8 to attend the G7 Summit in Charlevoix, Quebec, Canada. "We are allies. Our soldiers stand shoulder to shoulder to defend liberty and our values", Macron said. "There's no question that on trade, climate change, on some other issues, there will be differences of perspective".

Although the Prime Minister was the first world leader to be a guest in Trump's White House in January 2017 when the pair were pictured holding hands, officials admitted that they were not especially close. German Chancellor Angela Merkelsaid they were "illegal", while Trudeau said they were "insulting and totally unacceptable".

British Prime Minister Theresa May took a more measured tone, telling reporters she wanted the European Union to use restraint in its retaliation to the US tariffs and that the response must be proportionate and legal.

Trump's administration last week announced an end to exemptions from steel and aluminum tariffs that had been granted the Canada, the European Union and Mexico.

Trump has made no secret of his reluctance to come to the Charlevoix summit, and now plans to leave the G7 a few hours early Saturday, after a breakfast with a gender equality advisory council, missing sessions on plastic pollution of the oceans climate change and energy policy.

"It used to be the G8, because Russian Federation was in it, and now Russia's not in it", said Trump, speaking to White House reporters before leaving Washington.

"The global trade system is broken and President Trump is trying to fix it". The steel tariffs also affect the other G7 member, Japan, which was never granted a waiver.

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