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Nothing could better explain the chaotic state of the world’s richest economies better than this picture taken on Saturday at the G7 summit in Canada.  US President Donald Trump’s hubris and disregard for the economic concerns of other leaders is conspicuous.
Nothing could better explain the chaotic state of the world’s richest economies better than this picture taken on Saturday at the G7 summit in Canada.  US President Donald Trump’s hubris and disregard for the economic concerns of other leaders is conspicuous.

More Visible Than This!

More Visible Than This!

The G7 summit ended in farce and a renewed threat of global trade war on Saturday as US President Donald Trump abruptly rejected the text of a consensus statement and bitterly insulted the Canadian host.
Just minutes after a joint communique that had been approved by the leaders of the Group of Seven allies was published in Canada’s summit host city Quebec, Trump launched a Twitter broadside from aboard Air Force One, AFP reported.
The US leader left the meeting early en route for Singapore and a historic nuclear summit with North Korea’s Kim Jong-un, only to take exception to comments made by Canada’s Prime Minister Justin Trudeau at a news conference.
“Based on Justin’s false statements at his news conference, and the fact that Canada is charging massive tariffs to our US farmers, workers and companies, I have instructed our US reps not to endorse the communique as we look at tariffs on automobiles flooding the US market!” Trump tweeted.         

“PM Justin Trudeau of Canada acted so meek and mild during our G7 meetings only to give a news conference after I left saying that … he ‘will not be pushed around’. Very dishonest & weak.”
Earlier, Trudeau had told reporters that Trump’s decision to invoke national security to justify US tariffs steel and aluminum imports was “kind of insulting” to Canadian veterans who had stood by their US allies in conflicts dating back to World War I. “Canadians are polite and reasonable but we will also not be pushed around,” he said.
The outburst against Trudeau, and by association the other members of the G7 group, is only the latest incident in which Trump has clashed with America’s closest allies. This has raised concerns at home and abroad.
Officials from European delegations quickly leaked copies of the joint statement to AFP, and it was published online moments before Trump tweeted. Copies that begin “We, the Leaders of the G7…” were distributed in the press room stamped “Approved”.
The outburst suggested that any deal had collapsed and his more or less explicit threat to impose sanctions on imports of cars will outrage his ostensible allies–in particular Germany and Canada who produce many for the large US market.
The joint communique that was thrashed out over two days of negotiations vowed that members would reform multilateral oversight through the World Trade Organization and seek to cut tariffs.
“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,” it said, reflecting the typical language of decades of G7 statements.
A German government spokesman said that his country “stands behind the communique which was collectively agreed upon.”
But Trump had already said he would not hesitate to shut countries out of the US market if they retaliate to his tariffs.
“The European Union is brutal to the United States … They know it,” he insisted in his departing news conference. “When I’m telling them, they’re smiling at me. You know, it’s like the gig is up.”
European officials said Trump had tried to water down the language in the draft communique on the WTO and rules-based trade. In the end, that language stayed in and it was only on climate change that no consensus was reached.
“For us, it was important to have a commitment to rules-based trade,” German Chancellor Angela Merkel said, before Trump’s comments.

 

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