U.S. President Donald Trump is not backing down from the tough line he
has taken on trade, the White House’s top economic adviser said on
Wednesday, setting the stage for a showdown with top allies at this
week’s G7 summit in Canada.
The meeting on Friday and Saturday in Charlevoix, Quebec, will be the
first chance G7 leaders have had to confront Trump in person since U.S.
tariffs on steel and aluminium imports from Canada, Mexico and the
European Union were imposed last week.
That move unleashed fury in the Group of Seven industrialized nations and prompted quick retaliation from Canada and Mexico and a promise from the EU to do so as well, unnerving investors who fear a trade war that could derail the global economy.
Trump, who has vowed to protect U.S. industry and workers from what he describes as unfair international competition as part of an “America First” agenda, is due to hold bilateral meetings with Trudeau and French President Emmanuel Macron during the summit, Kudlow said.
A French presidency official said that while G7 members would raise their unhappiness over the tariffs with Trump, they would not deliver an ultimatum that he drop them because the summit “isn’t the place where you negotiate things like that.”
The official, speaking to reporters after Macron met Trudeau for talks in Ottawa on Wednesday, said the six non-U.S. G7 nations were united on the main topics to be discussed. The G7 groups Canada, the United States, Japan, Britain, Italy, France and Germany. The EU also attends.
Trump’s meeting with Trudeau could be particularly frosty, given the president’s recent sharp criticism of Canadian trade policies and the anger in Ottawa over Washington’s decision to justify its new tariffs on national security grounds.
That move unleashed fury in the Group of Seven industrialized nations and prompted quick retaliation from Canada and Mexico and a promise from the EU to do so as well, unnerving investors who fear a trade war that could derail the global economy.
Trump, who has vowed to protect U.S. industry and workers from what he describes as unfair international competition as part of an “America First” agenda, is due to hold bilateral meetings with Trudeau and French President Emmanuel Macron during the summit, Kudlow said.
A French presidency official said that while G7 members would raise their unhappiness over the tariffs with Trump, they would not deliver an ultimatum that he drop them because the summit “isn’t the place where you negotiate things like that.”
The official, speaking to reporters after Macron met Trudeau for talks in Ottawa on Wednesday, said the six non-U.S. G7 nations were united on the main topics to be discussed. The G7 groups Canada, the United States, Japan, Britain, Italy, France and Germany. The EU also attends.
Trump’s meeting with Trudeau could be particularly frosty, given the president’s recent sharp criticism of Canadian trade policies and the anger in Ottawa over Washington’s decision to justify its new tariffs on national security grounds.
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