French President Emmanuel Macron and Canadian Prime Minister Justin Trudeau vowed on Thursday to confront U.S. President Donald Trump over his tariffs on steel and aluminum, which Macron called "unilateral and illegal". "I think we would be making an error if we said we are ready to give up everything, not to talk about the Paris Accord or climate, or trade, just to have that signature".
Mr. Kudlow characterized Canada and Europe's angry reaction to the tariffs - including reciprocal tariffs on USA goods that come into effect on July 1 - as a "family quarrel". I'm always the optimist.
The Canadian prime minister will host the leaders of Britain, France, Germany, Italy, Japan and the United States for an annual G7 summit in La Malbaie, Quebec on Friday and Saturday. The White House is expecting a chilly reception from Canada and West European countries. Canada announced its own list last week, and the European Union said it would do so too later in June. The Trump administration at one point granted Canada and Mexico a last-minute reprieve from tariffs in March as negotiations to rework the North American Free Trade Agreement, known as NAFTA, continued.
"It is laughable to say that Canada, France. can represent a threat to America's national security, as we are the best allies that the USA has had for a long time", Trudeau said. Some said the issue could be tackled by the leaders in direct talks.
"A trade war doesn't spare anyone". Tariffs, he added, are simply one more tool in the president's toolbox when it comes to repairing it. "People should realize how serious he is in that respect".
French President Emmanuel Macron knows how to get a reaction out of President Donald Trump.
"And that's what the G7 is very much for".
"Canada became a country in 1867. But that system has been broken in the last 20 years-plus", he said. America First is a fine political slogan, but not a formula for multilateral progress on compliance with global norms.
"The impact on Canada and ultimately on workers in the USA won't be a laughing matter", one source told the network.
For the summit to succeed, and for the G7 to carry on, Trudeau needs to "show off the glue" that binds what are still fundamentally like-minded countries.
It was the understanding of Canadians officials at the time that this would satisfy the Trump administration and allow for Canada to receive a permanent exemption from tariffs.
Ishikane said Japan's top priority is to see the projection of "unity" at the G7 this week.
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