US President Donald Trump arrived in France on Saturday morning after an overnight flight from Washington, his arrival preceded by more tit-for-tat tariff action that economists -- and most of the other Group of 7 heads -- believe is contributing to a global economic slump."So far, so good," Trump said, an optimistic assessment minutes into his three-day visit to France."The weather is fantastic. Everybody's getting along. I think we will accomplish a lot this weekend.
Heading into the summit, however, the flagging global economy appeared the most pressing matter. Trump insisted on a special Sunday morning session to discuss it. Other leaders blame his use of tariffs -- on friends and foe alike -- for weighing down growth, causing manufacturing to contract and throwing equity markets into turmoil.
Before he departed, Trump insisted he was looking forward to meeting with friends -- though acknowledged he wasn't exactly on chummy terms with every one of the leaders he'll encounter this weekend. "I think we are doing very well. Our economy is doing great," he said."We are having a little spat with China and we'll win it."
"I would anticipate President Trump will be speaking quite frankly about the policies he's seen work in his own economy and really wanting to work with other countries in the G7 to figure out how we can jump-start growth in economies all around to ensure that there are markets and opportunities for all of our workers and people," an administration official said of the President's goal in calling for the economic talks.
The notion of the American President convening a session simply to flaunt the relative strength of the US economy -- and taking credit for it -- isn't likely to sit well with other leaders, particularly since many of them blame his trade tactics for a slump in global growth. And European officials signaled it was unlikely Trump would go unchallenged during the meeting, with other leaders likely to raise concern that his use of tariffs is causing serious harm to the global economy.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Source: ABSCBNNews - 🏆 5. / 83 Read more »
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Source: ABSCBNNews - 🏆 5. / 83 Read more »
Source: rapplerdotcom - 🏆 4. / 86 Read more »