Trump tariffs condemned by allies in G7 statement
- 6 years ago
The United States was singled out on Saturday at the G7 finance ministers meeting in Canada... for the Trump administration's new tariffs on steel and aluminum.
A statement from six of the seven countries, minus the U.S., expressed "concern and disappointment" over the duties imposed on metal from Canada, Mexico and the European Union... of 25 percent on steel and 10 percent on aluminium.
Korea is exempt from the tariffs... and will be held to a quota instead.
The G7 statement called for "decisive action" on the issue when the G7 leaders, including President Trump, meet in Quebec this coming Friday.
Trump himself, meanwhile, tweeted Saturday that trade relations with the countries affected have been unfair, saying it hasn't been free or fair trade but "stupid" trade.
And he said that when a country is running an 800 billion dollar annual trade deficit, there's no way to lose a trade war.
A statement from six of the seven countries, minus the U.S., expressed "concern and disappointment" over the duties imposed on metal from Canada, Mexico and the European Union... of 25 percent on steel and 10 percent on aluminium.
Korea is exempt from the tariffs... and will be held to a quota instead.
The G7 statement called for "decisive action" on the issue when the G7 leaders, including President Trump, meet in Quebec this coming Friday.
Trump himself, meanwhile, tweeted Saturday that trade relations with the countries affected have been unfair, saying it hasn't been free or fair trade but "stupid" trade.
And he said that when a country is running an 800 billion dollar annual trade deficit, there's no way to lose a trade war.