Trump withdraws endorsement of G7 joint statement, slams 'weak' Trudeau

Berenberg's Schmieding Says America First Means America Alone

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".

In an "extraordinary" exchange between the leaders on Friday, Trump repeated a list of grievances about USA trade, mainly with the European Union and Canada, a French presidency official told reporters.

US President Donald Trump gives a news briefing at the G7 Summit in the Charlevoix city of La Malbaie, Quebec, Canada, June 9, 2018.

On Saturday, President Donald Trump yet again responded to Canadian Prime Minister Justin Trudeau using his favorite platform: Twitter.

Trump says his tariffs are meant to protect USA industry and workers from unfair global competition as part of his "America First" agenda. -Canada border. He said unleashing retaliatory measures "is not something I relish doing" but that he wouldn't hesitate to do so because "I will always protect Canadian workers and Canadian interests".

A German government official said the plan would see direct talks between the European Union and the U.S. start straight away, and last around two weeks, focused on how much, or whether, European Union trade policy endangers USA national security interests.

President Trump's public comments Saturday morning reflected his aggressive approach with world leaders Friday night.

In a statement, The Associated Press reported, a spokesman for Trudeau did not address Trump's tweeted insults. Copies that begin "We, the Leaders of the G7" were distributed in the press room stamped "Approved". Or we'll stop trading with them.

But the summit host, Trudeau, whose nation was among those singled out by Trump, pushed back and said he would not hesitate to retaliate against his neighbor to the south.

"We commit to modernize the WTO to make it more fair as soon as possible".

"We strive to reduce tariff barriers, non-tariff barriers and subsidies", the leaders' statement read.

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In an "extraordinary" exchange between the leaders on Friday, Mr. Trump repeated a list of grievances about USA trade, mainly with the European Union and Canada, a French presidency official told reporters. "They know it", he insisted in his departing news conference.

Earlier in the day, Trudeau said that the communique was agreed by all countries.

Trump, who is on his way to Singapore for a summit with North Korea's leader, also reiterated warnings that his administration was mulling tariffs "on automobiles flooding the U.S. market" in a move that would be primarily aimed at another G7 member, Germany.

European leaders had put a courageous face on the results.

Over the course of the summit, the President pushed the narrative that the U.S.is a victim of a trade imbalance, though European leaders rejected these claims.

"It's going to change, a hundred per cent". I mean, we have India, where some of the tariffs are 100 percent. "And we charge nothing", Trump said. "Very dishonest and weak", Trump said.

The early exit also means he will be gone before allies begin closing news conferences likely to be laden with criticism of the USA stance on trade and Mr Trump's abrupt suggestion on Friday that Russian Federation be re-admitted to the elite grouping.

"No tariffs, no barriers". "I don't blame other leaders for that, I blame our past leaders".

"If they thought they were going to lecture Trump on the glories of free trade, they got a rude awakening".

He spoke of the importance of educating girls in remarks at the start of the meeting, which included his fellow G7 leaders and Christine Lagarde, the managing director of the International Monetary Fund.

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