Trump Leaves G-7 Summit With A Call To End 'Unfair' Trade

Trump Leaves G-7 Summit With A Call To End 'Unfair' Trade

President Donald Trump spoke during a news conference at the G-7 summit today.

President Donald Trump on Friday threatened to "terminate" the North American Free Trade Agreement (NAFTA) if he is not able to reach a trade deal at the G7 Summit.

Although Trump says his tariffs are necessary to protect U.S. industry and workers, Canada and the European Union have denounced them as illegal.

Trump is telling reporters that he told world leaders that the US will take whatever steps necessary to prevent unfair foreign trade practices.

Thursday, Trump took aim at Trudeau and Macron, accusing them of benefiting from one-sided trade arrangements with the United States.

The leaders will join Trump, German Chancellor Angela Merkel, British Prime Minister Theresa May, Japanese Prime Minister Shinzo Abe and new Italian Prime Minister Giuseppe Conte in Quebec for talks on Friday and Saturday.

"His message from Quebec to Singapore is that he is going to meld the industrial democracies to his will - and bring back Russian Federation", said Steve Bannon, Trump's former campaign and White House adviser.

"We're like the piggy bank that everybody's robbing, and it ends", Mr. Trump told reporters at a press conference at the end of the meeting, just before he jets off to Singapore to meet with North Korea's leader. Tariffs have been falling for decades due to free trade agreements.

Just after 6 a.m., Trump used the social media platform to accuse Canada of charging US customers astronomical tariffs on dairy products.

"The other leaders have been calling this G6 + 1 because Trump has been so isolated ever since this began, and that's because he launched an outright attack - that's in the view of the other members - on the global trading system by raising tariffs on steel and aluminum".

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"We'll see how it all works out", he said, referring specifically to Canada.

U.S. President Donald Trump, right, takes his seat after arriving late for the G7 and Gender Equality Advisory Council Breakfast, as IMF Managing Director Christine Lagarde looks on, left, at the G7 leaders summit in La Malbaie, Que., on Saturday, June 9, 2018.

"The nations of the G7 are bound together by shared values and beliefs", Trump said.

The summit host, Canadian Prime Minister Justin Trudeau, kicked things off without waiting for those he described as "stragglers" to arrive.

Trump was seated between Christine Lagarde, managing director of the International Monetary Fund, and Christine Whitecross, a Canadian lieutenant general.

The tensions surrounding the tariffs underscore what appears to be a growing distance between the USA and its allies over Trump's isolationist policies, including his decisions to withdraw from the Paris climate accord in 2017 and the Iran nuclear deal in May.

But details are scant so far, and clear differences are remaining.

Trump has long criticized the United States' goods deficit.

It's unclear whether Trump was joking or falsely believed Canada was responsible for burning down the official home of the U.S. President more than two centuries ago.

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