G7 Summit 2018: Trump abandons communique increasing fear of trade war

Just two hours after President Trump left the G7 Summit in Quebec towards Singapore for his highly awaited meet with Kim Jong-un of North Korea, he retracted his endorsement of the joint communique issued by members of the G7. His decision came after PM Trudeau of Canada vowed to issue retaliatory trade tariffs on US exports to Canada from July 1. “It would be with regret but it would be with absolute clarity and firmness that we move forward with retaliatory measures on 1 July. Canadians are polite and reasonable but we will also not be pushed around.”, PM Trudeau had said in an address.

Hearing this, Trump started to tweet:


He went on to call PM Trudeau a meek and mild person,

In the communique, the group of major industrial nations – Canada, the US, the UK, France, Italy, Japan and Germany – agreed on the need for “free, fair, and mutually beneficial trade” and the importance of fighting protectionism.

“We strive to reduce tariff barriers, non-tariff barriers and subsidies,” they said.

The 2018 G7 Summit was crucial and member nations were eager to dispel fears of an impending trade war. However, the opposite has happened. The United States finds itself opposed to other members of the G7 – some of the largest industrial and economic powers of the world.

 

 

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