Published: Fri, June 08, 2018
People | By Leon Thompson

No formal meeting between Trump and UK's May at G7: United Kingdom official

No formal meeting between Trump and UK's May at G7: United Kingdom official

Leaders in Europe, Canada, and Mexico have vowed to retaliate against these tariffs with economic penalties against USA exports, but so far Trump has been unmoved.

Mexico this week imposed tariffs on major US exports such as cheese and pork, while Canada and the European Union are considering tariffs on imports of USA food and farm goods from corn to orange juice to peanut butter, in response to the USA placing tariffs last week on steel and aluminum imports from those countries.

Since then, Trudeau, Macron and other European leaders have toughened their tone, lamenting what they see as rising USA protectionism. "Because these 6 countries represent values, they represent an economic market which has the weight of history behind it and which is now a true global force", Macron tweeted out.

Just days before Trudeau is set to host a G7 Summit in Quebec, Canadian officials tell CNN they are just trying to "keep Trump happy".

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. Today, the U.S.is the only country in the world that is not part of the accord, after Syria joined in November.

"The War of 1812 is trending proving once again that 2018 is insane", another said. U.S. Secretary of State Mike Pompeo is expected to brief the G7 leaders on the issue.

Nelsonites rally against Kinder Morgan pipeline
Schwab Charles Investment Management Inc. owned about 0.32% of Kinder Morgan worth $106,987,000 as of its most recent SEC filing. The pipeline company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01.

They also said they expected Trump to come under increasing pressure at home to reverse the tariffs, which they said would hurt US interests.

Non-US G7 members say they will be firm as they confront Mr Trump but do not want a rupture that could cause a major trade war. "I think there are questions about what is going to be the dynamic around the G7 table.we (will) highlight and discuss many things we're agreed on and have differences of opinion on other things", he said.

French President Emmanuel Macron and Canadian Prime Minister Justin Trudeau expressed support for "strong multilateralism" in Ottawa Wednesday before the G7 summit, where US President Donald Trump's aggressive trade policies are sure to raise hackles. "The six countries of the G7 without the United States, are a bigger market taken together than the American market".

The US last week said it was levying the new metals duties on imports from the nations and the European Union on national security grounds, ending their temporary exemptions. Despite the tensions, Trump is sticking to his guns, saying that the United States "must, at long last, be treated fairly on trade".

Europe faces renewed domestic economic and political challenges in addition to those posed by Trump's unilateralism.

The US tariffs have been condemned by nations across the world, with Canada last week announcing it will impose tariffs on as much as $C16.6 billion of US steel, aluminium and other products from July 1.

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