Vienna possible venue for Trump-Putin summit

Vienna possible venue for Trump-Putin summit

Trump, who left the summit in La Malbaie early ahead of his meeting with North Korean leader Kim Jong Un on Tuesaday, told reporters the United States needed protectionist tariffs because "we are like the piggy bank that everyone is robbing". The White House said he would leave talks four hours earlier than originally planned.

Fox Business contributors James Freeman and Kristina Partsinevelos discuss President Trump's upcoming meeting with North Korean Leader Kim Jong Un and the president's recently imposed tariffs.

Prime Minister Justin Trudeau takes part in a meeting with U.S. President Donald Trump during the G7 Leaders Summit in La Malbaie, Que., on Friday, June 8, 2018.

Although Trump said the tariffs are necessary to protect US industry, Canada and the European Union have denounced them as illegal and are preparing retaliatory measures.

"Now, if we're unable to make a deal, we'll terminate NAFTA", Trump told reporters.

Trump, who arrived late to the first meeting on gender equality today, will leave before talks on climate change and the health of oceans, after not gaining support in his grievances over U.S. tariffs.

'We strive to reduce tariff barriers, non-tariff barriers and subsidies, ' the leaders said in a statement after a meeting that focused heavily on trade fights between the United States and its allies.

Canada last week announced retaliatory tariffs on C$16.6 billion ($12.8 billion) worth of US exports and said it will challenge USA steel and aluminum tariffs under the North American Free Trade Agreement and the World Trade Organization. Macron told reporters that while Trump may not mind USA isolation, "neither do we mind signing a six country agreement if need be".

Trudeau and the other G7 leaders used their meeting to try to persuade Trump to abandon the tariffs, which affect all of America's G7 allies.

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"With one country we have $375 billion in trade deficits". He delivered that message personally during meetings with other leaders of the Group of Seven major economies, which took place in Canada on Friday and Saturday.

That comment has Trump squarely offside with this fellow G7 leaders, including Canada, who view Russia's annexation of Ukraine's Crimean Peninsula and its meddling in western elections as a major global security concern.

Trump has said he'll use the summit to argue that the other six nations are taking advantage of the United States on trade.

Trump will meet with Macron and Trudeau face-to-face on Friday. "I would say the relationship is a 10".

The president says the U.S. is "pretty close" to an agreement on the North American Free Trade Agreement (NAFTA) and discussing two types of sunset provisions in which any of the countries could leave the deal.

The summit comes amid a fractured moment for USA alliances after the tariffs the US imposed last week on Canada, Mexico and the European Union.

"I think it would be good to have Russian Federation back in", Trump said during the conference.

"Trump came late, he's leaving early and he gave no ground whatsoever", Al Jazeera's John Hendren, reporting from Quebec, said.

"President Trump is targeting the dairy sector because he wants to dump USA dairy into Canada", Lampron told The Canadian Press, adding that Canada imports five times more dairy from the US than it exports.

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