Published: Sun, June 10, 2018
Markets | By Erika Turner

Vienna possible venue for Trump-Putin summit

Vienna possible venue for Trump-Putin summit

Trump, who repeated that his tariffs are meant to protect USA industry and workers from unfair global competition, said he had suggested to the other G7 leaders that all trade barriers, including tariffs and subsidies, be eliminated.

Both Moscow and Mr Trump have denied the allegations.

Vienna has been discussed as a possible venue for a summit between Vladimir Putin and Donald Trump, the Kremlin said Saturday.

Trump's call for the elimination of trade barriers come amid fears of an all-out trade war after the United States moved ahead with a 25 percent import tax on steel and a 10 percent on aluminum on most countries. He also made controversial comments to reporters calling for Russian Federation, which had been kicked out of the G8 in 2014 over its Crimea invasion, to have its membership reinstated. "We're pretty close on the sunset division", Trump said, referencing the USA demand for a sunset clause in a final agreement.

The US president accused other states of "robbing" his country through their trade policies. "Whether you like it or not ... we have a world to run".

Trump was the last G7 leader to arrive and on Saturday, he will probably be the first to leave, in a hurry to move on to his nuclear summit with North Korea's Kim Jong Un in Singapore.

"No tariffs, no barriers, that's the way it should be, and no subsidies", Trump said during a 30-minute press conference on the sidelines of the meeting in La Malbaie, Quebec.

"I'd like to ask you why you do that?" said a White House reporter from the news agency Agence France-Presse.

The U.S. leader described the meetings with his counterparts as cordial, and he repeatedly blamed past U.S. leaders for what he views as a trade imbalance.

Sikh soldier wears turban in Queen's official birthday parade
Prince Harry and his new wife Meghan Markle attended Queen Elizabeth's 92nd birthday celebration on Saturday. Senior royals including the Queen, Prince Charles and the Duchess of Cornwall also took part in the event.

"This has been an ongoing project of Ambassador Huntsman, stretching back months, of getting a formal meeting between Putin and Trump", the official told the Journal.

The late arrival at a session, where the G7 leaders were discussing gender equality and women's empowerment sparked concerns that the U.S. president might not participate at all in Saturday's meetings.

Speaking before leaving the G-7 summit in Quebec, Trump said one of the countries is agreeable to it while the other is more concerned about the impact a sunset clause would have on long-term investment. "And that's a very profitable answer, if we have to do it".

Trump withdrew the USA from the Paris climate accord and his attendance of a G7 session on the issue was in question well into the last minute. "I would say that the G-8 is a more meaningful group than the G-7, absolutely", he told reporters as he left the summit in Canada. "They know it", he added.

Justin Trudeau, the Canadian prime minister and host of the summit, condemned the Russian Federation comments.

On 1 June, the U.S. imposed a 25% tariff for steel and 10% for aluminium on imports from the EU, Canada, and Mexico.

Trudeau had made the issue of gender equality a priority for the gathering.

Trump contends that other countries "have been taking advantage of the United States on trade".

Like this: