Published: Fri, June 08, 2018
Markets | By Erika Turner

Canada, France forge united front ahead of G7 summit with Trump

Canada, France forge united front ahead of G7 summit with Trump

Standing next to each other on Parliament Hill, Macron and Trudeau say they will still push Trump to reverse his controversial imposition of steel and aluminum tariffs on his G7 partners, which they brand as illegal and bad for everyone's economy.

"Didn't you guys burn down the White House?" he reportedly shot at Trudeau. "But no one lives for ever", Macron responded. He acknowledged the questions that swirl about the "dynamic" at the summit.

"The G7 is an opportunity for us to gather and have frank and direct conversations, and I'm very much looking forward to that", he said. "It will start first of all to hurt US workers, and the cost of raw materials will rise, and industries will become less competitive", he said.

"When we can underscore and we see there's a lot of pressure with the United States, perhaps he will revise his position".

Trump's grumbling comes as he is headed to meet with leaders from the U.K., Canada, Japan, Italy, Germany and France at the annual G7 summit.

At last year's G7 summit in Sicily, the leaders all signed a communique, but the statement made clear there was deep differences on the Paris climate change accord.

President Donald Trump accused Canada of burning down the White House during the War of 1812, according to a new report.

Although Trump says the tariffs are necessary to protect USA industry, Canada and the European Union have denounced them as illegal and are preparing retaliatory measures. But he defended that approach, saying, "there is a friendship between our two peoples".

Muguruza thrashes Sharapova to reach semi-finals in Paris
I think I have to put a lot of things in perspective for the last, what, four, five weeks since the clay season. But I also think Stephens has figured out the awkward dynamic of playing your good friend better than Keys has.

They also said they expected Trump to come under increasing pressure at home to reverse the tariffs, which they said would hurt USA interests. But they can't think of a better host to bridge the widening gap with Trump.

She said the tariffs could have an impact on everyone because they create a "climate of uncertainty and chaos" that threatens to put a chill on things like investments.

Macron expressed support for Trump in his expected summit with the North Korean leader, Kim Jong-un, but also warned that the U.S. president's abrogation last month of a 2015 multilateral deal on the Iranian nuclear programme, cast doubt on the credibility of such agreements.

Business leaders in Saguenay fear the aluminum tariffs could hurt local companies, particularly smaller firms that transform the metal into finished products.

Mr Trudeau said: "American jobs are on the line because of his actions and because of his administration".

Trump is set to meet with Kim in Singapore on Tuesday in what will be the first meeting between a sitting US president and North Korean leader in history.

That move unleashed fury in the Group of Seven industrialized nations and prompted quick retaliation from Canada and Mexico and a promise from the European Union to do so as well, unnerving investors who fear a trade war that could derail the global economy.

Both Macron and Trudeau went out of their way to stress the close ties between their own countries.

Like this: