Trump to stick with hard line on trade as G7 showdown looms

WATCH Opposition Leader asks Prime Minister why there’s delay in Canadian tariffs taking effect

WATCH Opposition Leader asks Prime Minister why there’s delay in Canadian tariffs taking effect

To give Trump the full benefit of the doubt on this, it would require him to know enough about history to know the pretext of the burning of the White House, but not the actual action itself.

Critics of Trump's trade policies fret that the president is undermining the very system on which America and the global economy rely.

"Simply put, Trump no longer sees the necessity of keeping allies happy at the expense of the American people, so he's trying to solve the free-rider problem", Schweller, a political science professor at Ohio State University, said in an email.

In April, Canada tried to address what Trump said were concerns about Chinese steel and aluminum being dumped into Canada and then being shipped into the United States.

Mnuchin and National Economic Council Director Larry Kudlow attended a meeting on Tuesday between Trump and Republican lawmakers, including Senate Majority Whip John Cornyn and Senataor Mike Crapo, chairman of the Senate Banking Committee.

Meanwhile, separate sources said China has offered to boost purchases of American goods by about US$25 billion this year to fulfil President Donald Trump's desire to shrink the USA trade deficit with the world's second-largest economy.

Trump mentioned the idea on Friday following a meeting with an official from South Korea.

The meeting on Friday and Saturday in Charlevoix, Quebec, will be the first chance G7 leaders have had to confront Trump in person since USA tariffs on steel and aluminum imports from Canada, Mexico and the European Union were imposed last week.

The Commerce Department said foreign production of steel and aluminum was driving down prices and hurting US producers, creating a "national security threat".

More news: Hawaii hit with over 500 earthquakes in 24 hours
More news: Kanye West Sends Message of Love to Kate Spade's Family
More news: What Are The ‘Red Dead Redemption 2’ Xbox One Preorder Bonuses?

Amid heightened concern over the prospect of a global trade war, Mexican officials announced retaliatory duties on U.S. steel products.

The announcement comes as a senior Trump administration official said that the president wants to end the three-party talks to renegotiate the North American Free Trade Agreement, aiming instead to deal separately with Canada and Mexico to restructure the trade accord. Canada announced its own list last week, and the European Union said it would do so too later in June.

Mexico is a huge importer of American pork.

"We are bound by the national interest here, more than anything else", he said.

"The United States now has the fastest growing economy in the world, according to the OECD or at least the fastest growing economy among the industrialized nations", said Kudlow, who worked as Reagan's budget deputy between 1981 and 1985. In February, talking about "countries that take advantage of the United States", he said, "Some of them are our so-called allies, but they're not allies on trade".

"Some said it couldn't be done".

"Tariffs are a wake-up call", Kudlow said in a First on FOX Business interview on Wednesday.

"And that's what the G7 is very much for". When then-prime minister Stephen Harper in 2011 said US approval of the Keystone XL pipeline - which then-president Barack Obama was refusing to do - was a "no-brainer", the White House considered the remark beyond the pale.

Recommended News

  • SpaceX Falcon 9 to launch Monday

    SpaceX Falcon 9 to launch Monday

    SpaceX won't land the booster again, as the company is trying to phase out the Block 4 rockets for the new Block 5 configuration. SES-12, a communication satellite today roared into space from Cape Canavera on-board SpaceX Falcon 9 rocket .
    Mattis warns of consequences if Beijing keeps militarizing the South China Sea

    Mattis warns of consequences if Beijing keeps militarizing the South China Sea

    But he says the USA welcomes cooperation with China wherever possible, and says he accepted Beijing's invitation to visit there soon.
    ‘Hopefully’ I’ll have meeting with Kim on June 12

    ‘Hopefully’ I’ll have meeting with Kim on June 12

    KEVIN HASSETT: There's a tremendous upside for the president's policy, which is that our trading partners start to act like us. Of those surveyed, 49 per cent were confident North Korea will keep its word - a decrease from 58 per cent in early May.
  • Ex-Philadelphia Eagles player defends former team: Trump made a poor decision

    Ex-Philadelphia Eagles player defends former team: Trump made a poor decision

    She will no longer attend the G7 Summit in Canada or President Trump's meeting with Kim Jong Un in Singapore as was initially planned.
    Tim Cook says 'Privacy is a Fundamental Human Right'

    Tim Cook says 'Privacy is a Fundamental Human Right'

    The iOS 12 beta for the iPad shows that it comes with support for gesture controls that are similar to the iPhone X . The shortcuts "appear based on whether you typically do those activities at those times ", Lynch explained.
    Microsoft to buy web hosting service GitHub for $7.5B in stock

    Microsoft to buy web hosting service GitHub for $7.5B in stock

    But Julie Lerman, a GitHub user who works as a Microsoft liaison with freelance developers, cautiously welcomed the partnership. The deal sparked some fears in the GitHub community that Microsoft's corporate takeover could ruin the experience.
  • Russian Federation  laments winless streak days before World Cup

    Russian Federation laments winless streak days before World Cup

    The eventual winners will pocket $38 million, an increase of $3 million in comparison to the 2014 World Cup in Brazil . Previous year in Thailand, the most watched soccer players of the 2018 World Cup were Neymar da Silva Santos Jr.
    Sonos debuts Beam soundbar with Alexa, Siri, and Google Assistant integration

    Sonos debuts Beam soundbar with Alexa, Siri, and Google Assistant integration

    The soundbar is 60-percent smaller and $300 cheaper than a Playbar , so it's a better speaker option for those on a budget. The Sonos Beam isn't a replacement for the company's soundbar, as previously rumoured, it's something altogether new.

    Fashion designer Kate Spade found dead, police say

    Medical examiner vehicles park outside the front entrance to the Park Avenue apartment of designer Kate Spade in NY , U.S. She went on to win a Golden Globe for her role in the celebrated Amazon series, which made her late aunt "insanely proud".
  • Jared Leto Gets Joker Movie

    Jared Leto Gets Joker Movie

    Warner Bros . is giving Jared Leto his own standalone Joker movie, which he will star in and reportedly executive produce. Joaquin Phoenix was tapped to play the lead; however Warner insisted Leto's version was not being scrapped.
    Giant acidic steam clouds rise from ocean after lava spill in Hawaii

    Giant acidic steam clouds rise from ocean after lava spill in Hawaii

    Lava destroys homes in the Kapoho area, east of Pahoa, during ongoing eruptions of the Kilauea Volcano in Hawaii, June 5, 2018. Lava has been fountaining from that fissure hundreds of feet into the air and volcanologists aren't sure when it will stop.
    Confirmed: Manchester United make Fred their first summer signing

    Confirmed: Manchester United make Fred their first summer signing

    The midfielder Fred returns to the Seleção on Tuesday as a Manchester United player. Fred has been congratulated on his £52million move to United by Lucescu.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.