Trump, Trudeau swap jokes but hold firm in trade dispute

U.S. President Donald Trump speaks on the phone in the Oval Office of the White House in Washington

Trump falsely accuses Canada of burning down White House in War of 1812 (report)

"Because we want President Trump to be strong and successful in his negotiation with North Korea, we want the global community to be credible on the Iranian nuclear program".

Mr Trump told reporters at the G7 Summit he believed North Korean leader Kim Jong-un could make his country great but warned him: "It's a one-time shot".

Trump was last to arrive for the G7 working breakfast, walking into the room when the summit's host, Canadian Prime Minister Justin Trudeau, had almost finished his welcome and presentation speech, Efe reported.

He said Saturday that he's also considering scrapping the North American Free Trade Agreement in favor of bilateral trade deals with Canada and Mexico individually.

Trump's call for the elimination of trade barriers come amid fears of an all-out trade war after the U.S. moved ahead with a 25% import tax on steel and a 10% on aluminum on most countries.

"We're like the piggy bank that everybody's robbing ― and that ends", the president said.

In a tense phone call with Trudeau on Wednesday over the recent tariffs, Trump reportedly jabbed at Canada by accusing the country of burning down the executive residence in Washington.

For weeks, tensions have been bubbling over an escalating trade battle fueled by the US's imposing tariffs on imports of steel and aluminum from Canada and the European Union.

And this: "Canada charges the USA a 270% tariff on Dairy Products!" Merkel said on Saturday there must first be progress on a Ukraine peace plan before there is any talk about readmitting Moscow.

"Putin is not our friend and he is not the president's buddy", Sasse said. Russia was kicked out of the group, which is now known as the G7, after the Russian annexation of Crimea.

More news: Jamie Dimon: Tariffs Aren't the Way to Go

Sarah Huckabee Sanders, the White House press secretary, announced on Thursday that Trump will leave the resort in Charlevoix (where all the events are taking place) at 10.30 am on Saturday, well before the Summit officially concludes later that day, reports The New York Times.

At issue now is whether the seven nations can conclude their meeting with a joint statement of priorities.

"The American President may not mind being isolated, but neither do we mind signing a 6 country agreement if need be", Macron said.

But Trump's aides have signaled that he was unwilling to rethink the decision.

In a bid to rebuild America's industry, Trump has imposed hefty tariffs on steel and aluminum imports, including those from key G7 allies like Canada, Japan and the European Union.

Canadian Prime Minister Justin Trudeau and French President Emmanuel Macron spoke candidly about pushing Trump to reverse his position on the tariffs. A lot of people wrote a couple of things that weren't quite true.

Germany has suggested making accommodations over trade with the United States for fear of triggering a ratcheting up of tensions over cars that would embroil companies like BMW and Mercedes.

Canada is also frustrated by what it sees as unacceptable United States demands in talks to modernize the North American Free Trade Agreement, a deal that Trump has frequently criticized and threatened to terminate.

Macron said he and Trump held "open and direct" discussions, adding that he thought there was a way to get a "win-win" outcome on trade, though details remained unclear.

Latest News