Trump delivers warning on trade as he leaves G-7 summit

Trade War EU to Hit U.S. Motor Bike Jeans Imports with Tariff Retaliation in Weeks			AP  Alan Diaz		7 Jun 2018

Trade War EU to Hit U.S. Motor Bike Jeans Imports with Tariff Retaliation in Weeks AP Alan Diaz 7 Jun 2018

US President Donald Trump has told Group of Seven leaders that the United States wants a quick end to trade practices that he says have led to an exodus of American companies and jobs to other countries.

US President Donald Trump gives a news briefing at the G7 Summit in the Charlevoix city of La Malbaie, Quebec, Canada, June 9, 2018.

The president said the USA was "pretty close" to reaching an agreement on the North American Free Trade Agreement with Canada and Mexico and had discussed two types of sunset provisions in which any of the countries could leave the deal.

"This agreement.is good news and it marks a collective desire to stabilise things", Mr Macron said. "With one country we have $375 billion in trade deficits".

Following Trudeau's comments regarding the communique, the Canadian leader said "strong, firm conversations on trade and specifically American tariffs" took placed at the G-7 meeting. Afterward, he said that talks had been "extremely productive" on trade and other issues.

"No tariffs, no barriers, that's the way it should be, and no subsidies", Trump said on Saturday during a 30-minute press conference in La Malbaie. "We are focused on everything we accomplished here at the #G7 summit", spokesman Cameron Ahmad said. "Our tariffs are in response to his of 270 per cent on dairy!"

Trudeau said he would not cave to Trump's trade demands, even if it meant a full-blown trade war.

Trump says his tariffs are meant to protect USA industry and workers from unfair global competition as part of his "America First" agenda.

More news: Trump Tariffs Result in Tariffs Negatively Impacting Food/Beverage Industry

The pair have been at odds over whether a sunset clause would be included into any renegotiated trade agreement covering the US, Canada and Mexico, with Mr Trudeau insisting no sunset clause would be included and Mr Trump saying hours earlier that negotiators were "pretty close on the sunset provision".

The Prime Minister said she had used the event as a chance to register the UK's "deep disappointment" with President Trump's plans.

Trump also forced a change in the official schedule with his decision to leave the summit early to travel to Singapore, where he is scheduled to hold a historic meeting on Tuesday with North Korean leader Kim Jong-un.

'There will not be a sunset clause. we will not, can not sign a trade deal that expires automatically every five years, ' he told a news conference at the end of a Group of Seven summit in Quebec.

Trump is hoping to get Kim to agree to shut down his nuclear weapons programme in what will be a monumental win for the president who past year was locked in a war of words with Kim that some feared would escalate into a world war.

"The United States has been taken advantage of for decades and decades", Mr Trump said at a press conference on the second day of a two-day summit in Canada.

In an "extraordinary" exchange between the leaders on Friday, Mr. Trump repeated a list of grievances about US trade, mainly with the European Union and Canada, a French presidency official told reporters.

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