"$800 Billion Trade Deficit ..."
Saturday, Trump summit pulled the U.S. endorsement of the summit communique - a joint statement that was signed by all the other G7 participants: Canada, France, Germany, Italy, Japan and the United Kingdom. "We must put the American worker first!"
US President Donald Trump issued a volley of tweets on Monday venting anger on some of Washington's closest North Atlantic Treaty Organisation allies over the United State's trade deficit, following a divisive G7 meeting in Canada.
And the young Canadian leader, who has attempted to maintain a public facade of friendship with the USA leader, confirmed that he would regretfully impose retaliatory tariffs on U.S. goods from next month to offset the steel levy. May said the USA has already asked about negotiating a trade agreement post-Brexit and she expressed confidence that the United Kingdom government will be able to negotiate a fair arrangement. The government of Canada can't be seen leading a Boycott America movement but it does not take much imagination to visualize business groups and municipalities being encouraged to champion such a response.
"I STRONGLY support trans-Atlantic alliance & wish @POTUS would have dealt with #China before turning to trade with allies".
As might be expected, Trudeau's foreign minister Chrystia Freeland took his side.More news: After 'difficult' G7 summit, May warns against unilateral action on trade
"This is a small-minded man not fit for public office". -Canada ties but not talking about Canada's tariffs on dairy, which he says are "killing" American agriculture.
But even conservative and populist figures on the right of Canadian politics, some of them admirers of Trump's brand of politics when it stays south of the border, rallied to their liberal premier. The prime minister said in comments reported by CTV: "Canadians are polite, we're reasonable, but we also will not be pushed around".
Finnish Prime Minister Juha Sipila said Sunday that the rift between G7 members at the summit reflects the unpredictability in global political arena, and he hoped the aftermath of the summit would be cleared up quickly.
But even he was nonplussed by Trump's line of attack.
He continued: "So I'm not so sure a majority of Americans believe that globalization and free trade is in our interests".
Before responding, Trump asked the reporter which outlet he represented.More news: Pompeo says North Korea could get ‘unique’ security guarantees
Behind his claim lies a difference in how the countries' calculate the trade figures.
According to the USTR, America counts Canadian goods that are shipped to regional trading hubs within the United States and then re-exported back to Canada or Mexico as U.S. exports.
If these goods that originate in Canada and are eventually sold there without have been substantially worked upon in the United States are taken into account then Ottawa comes out the victor. And yet when you listen to Navarro it sounds like Canada has broken diplomatic relations with the US and declared war on the place.
"Fair Trade is now to be called Fool Trade if it is not Reciprocal", he tweeted.
Michael Hayden, the former CIA Director under President George W. Bush and President Barack Obama, blasted President Trump Monday as "unstable" following his actions at the G7 summit in Canada this weekend.
Canada is joined by other major economies, including Germany and France, who have found the idea "insulting" that trade agreements between allies could be called security matters.
"The withdrawal, so to speak, via tweet is of course. sobering and a bit depressing", German Chancellor Angela Merkel said Sunday in a TV interview.More news: Final Fantasy XV Mod Tools Now Available