'If We're Unable To Make A Deal, We'll Terminate NAFTA'

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

'If We're Unable To Make A Deal, We'll Terminate NAFTA'

US President Donald Trump said on Saturday he told Group of Seven leaders that the United States required fair access to markets and an end to unfair trade practices.

Trump said he doesn't blame foreign leaders for the state of the trading relationship, instead laying blame on past USA presidents who have entered into deals that, he asserts, have enriched allies while hollowing out American industry. "Americans stand with you, even if our president doesn't".

Trump says his tariffs are meant to protect US industry and workers from unfair global competition as part of his "America First" agenda. "Because these six represent values, represent an economic market, and more than anything, represent a real force at the worldwide level today".

The latest series of tweets by Trump follow posts he made last night - including his accusation that his host Prime Minister Justin Trudeau is being "indignant".

"The United States has been taken advantage of for decades and decades", Trump said.

The summit is being held at a luxury resort more than two hours' drive from the provincial capital, where more than 400 protesters faced off Thursday and Friday against police. The site has been sealed off by police, making demonstrations impossible.

US President Donald Trump speaks to members of the media before boarding Marine One on the South Lawn of the White House in Washington, DC, on Friday, June 8, 2018.

The US president signaled that he was in no mood to compromise as he met Japanese Prime Minister Shinzo Abe.

"President Trump is targeting the dairy sector because he wants to dump USA dairy into Canada", Lampron told The Canadian Press, adding that Canada imports five times more dairy from the US than it exports.

Trump repeated the call on Saturday, saying "we're looking for peace in the world". "The Prime Minister said nothing he hasn't said before - both in public, and in private conversations with the President".

Ahead of the encounter, the allies made no secret of their anger at Trump's stance, pointed starkly to fears that he is undermining the rules-based world order and driving former U.S. friends into a damaging trade war. The president also referred to Trudeau's "false statements", which he didn't explain.

Trudeau said he had told Trump that the talks had been made more complicated by a USA decision to impose tariffs on Canadian steel and aluminum, ostensibly for national security reasons.

Trump cited progress on reaching an agreement on the North American Free Trade Agreement with Canada and Mexico, saying the final outcome would lead either to an improved trade deal or separate pacts with the two U.S. neighbours.

Europe faces renewed domestic economic and political challenges in addition to those posed by Trump's unilateralism.

"I have made it clear to the president that [imposing retaliatory tariffs] is not something we relish doing, but it's something that we absolutely will do", Trudeau said, according to the Montreal Gazette. Our farmers, whether it's through a non-tariff trade barrier or whether it's through very high tariffs. this is all over the world.

The US team would not countenance signing off on a pledge to implement the Paris Climate accord, which Trump's Washington wants no part of. Intense diplomacy from Europe to save an worldwide nuclear agreement with Iran also failed. "It will start to hurt American workers".

"No tariffs, no barriers, that's the way it should be and no subsidies".

Its recovery from the 2008-9 financial crisis has been far slower than that of the United States where the Federal Reserve is on the cusp of another interest rate rise while the European Central Bank is still using crisis-era measures.

The spat has financial markets anxious about tit-for-tit escalation that could lead to a full-blown global trade war. They could also damage Japan and Germany.

The summit came during an ongoing trade dispute with China and served as a precursor to his unprecedented meeting with Kim, in which he has sought to extend a hand to the Asian autocrat who has long bedeviled the worldwide order.

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