Trudeau, G7 leaders to confront Trump on tariffs in opening G7 meeting

Canada's Justin Trudeau says NAFTA talks broke down after Pence made ultimatum

Trump is also considering $50 billion tariffs on Chinese goods.

Finance Minister Bill Morneau says he's hopeful the threat of retaliation against USA trade measures will convince the Trump administration to back down from the steel and aluminum tariffs it has imposed on its G7 allies.

It fractured last weekend's meeting of G7 finance ministers and threatens to do the same when their leaders convene later this week in Quebec's picturesque Charlevoix region.

The U.S. and Canada "fought and died together on the beaches of World War II, on the mountains of Afghanistan and have stood shoulder-to-shoulder in some of the most hard places in the world, that are always there for each other, this is insulting to that", Trudeau said of the tariffs. Mexico complained the tariffs will "distort global trade" and said it would penalize USA imports including pork, apples, grapes, cheeses and flat steel. Even more unlikely is the fact that the target of the criticism is the US, which has done more than any other country to establish the free-trade principles upon which the global economy functions today.

The gathering of economic leaders in Quebec will mark the first visit by Mr. Trump to Canada in his role as US president, who was the first commander-in-chief in 40 years, since Jimmy Carter, not to visit Canada in his first calendar year in office.

His strong words followed swift responses to his tariffs by Canada, Mexico and the European Union, which all plan to retaliate with levies on billions of dollars of USA goods from orange juice and whiskey to blue jeans and Harley-Davidsons.

One Canadian insider said traditionally, Canada was too small for retaliatory trade action against the U.S.to have an impact, but Trump has gone after so many countries at once that the pushback globally is big enough to have an impact on the American economy.

Both Abreu and Bergamaschi say worldwide climate change organizations also want the G7 to set the stage for countries around the world to agree to raise emissions targets they say remain far too low.

"Your comments, in addition to political meetings between your staff and President Trump's advisers, for which there has been little information provided to us, are quite worrisome". "It was not. We believe in the G7, it's an important group", Mnuchin said.

"We know there's a risk to employment but I think we'd like some time to have a discussion with the government about what kind of support is appropriate", Galimberti told reporters after the meeting.

Speaking after the meeting, Le Maire said the European Union was poised to take counter-measures against the new US tariffs.

Late Thursday, President Donald Trump responded in a statement released by the White House, "Earlier today, this message was conveyed to Prime Minister Justin Trudeau of Canada: The United State (sic) will agree to a fair deal, or there will be no deal at all".

When asked if these tariffs could jeopardize the economy, Kudlow said, "Oh, it might".

On Monday, Canada's building trades union said they back the decision to retaliate against the United States.

Calling Trump a "trade reformer", Kudlow said the president has been committed to protecting US workers and jobs from a trade system that "is not working" ever since "day one" of his administration.

"There were several issues discussed at the G7 over which there was no agreement", Scholz told reporters.

The head of the White House decreed a 25 percent tariff on steel imports and a 10 percent tariff on Canadian aluminum, citing reasons of national security, a decision that received immediate rejection by the Ottawa authorities.

On Sunday, during an interview with Fox News, White House economic adviser Larry Kudlow responded to Trudeau's comments saying that he didn't think these tariffs would impact the USA "friendship and longstanding alliance with Canada".

The director of the National Economic Council, Larry Kudlow, has said that Trump is considering negotiating separate trade agreements with Mexico and Canada. "You don't sign a trade deal that automatically expires every five years".

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