Trump Prefers Separate Trade Deals with Canada, Mexico

08 June, 2018, 03:47 | Author: Myra Gill
  • French President Emmanuel Macron and U.S. President Donald Trump | Alex Wong  Getty Images

"That Canada could be considered a national security threat to the United States is inconceivable", Trudeau said, according to the Associated Press. European allies have urged Trump to reconsider. "The EU trade surplus with the U.S.is $151 Billion, and Canada keeps our farmers and others out".

"Didn't you guys burn down the White House?".

"We are going to defend our industries and our workers", he said.

"There may be disagreements", Kudlow added.

In a television appearance on Sunday, Kudlow called the trade frictions a "family quarrel".

Canadian Prime Minister Justin Trudeau said on Wednesday he expects "frank and sometimes difficult" conversations with US President Donald Trump on US tariffs at the upcoming G7 summit.

American producers would either have to reduce production, find another market, or sell more domestically, which would increase the supply and lower prices in the U.S. In an immediate response, hog futures prices dropped by 2 percent on the Chicago Mercantile Exchange.

"He is sticking to his guns", Kudlow said of President Trump's decision to impose steep tariffs against Mexico, Canada and the European Union that critics have warned could spark a trade war between the USA and its allies.

The Trump administration is asking for countries to comply with the U.S.in its comprehensive trade reforms to resolve any concerns of a potential trade war.


"A trade war doesn't spare anyone. I think the president has made that very clear".

This will be Trump's second summit of the G-7, an informal gathering that meets every year under a rotating chairmanship.

The G7 groups Canada, the United States, Japan, Britain, Italy, France and Germany.

While trade is expected to dominate, Trudeau also wants to focus on gender equality and climate change.

The economy and trade will be the first topic discussed at the two day meeting, and could disrupt work on other key initiatives. Treasury Secretary Steven Mnuchin declined to sign a joint G-7 statement last week during a meeting with other finance ministers, in a possible prelude of what was to come. But Trump can't handle being criticised like that.

In the US, farmers fear the tariffs will hit them earliest and hardest.

Ulrich Adam, director general of Spirits Europe, said: "The US and European Union spirits sectors are closely intertwined". The two leaders "agreed to continue working toward a mutually beneficial outcome" on NAFTA, Trudeau's office said.

The report claims, according to press sources, both Canada and Mexico have dismissed the idea of bilateral deals, as have several key U.S. lawmakers.

"This is deeply offensive to Canadians", Alden said. "In reality, we are the closest allies and friends that the United States has had for quite some time".

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