Trump is meeting with world leaders at G7 as he escalates US-China trade war
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Published 10 min ago @emma_newburger Key Points The summit in France comes amid fears over a global economic slowdown, and U.S. tensions with allies over trade, Iran and Russia. The president has maintained tough rhetoric against the European Union. The White House is set to decide in November whether they will impose duties on the autos industry in Europe. Donald Tusk, president of the European Council, said on Saturday that the EU would "respond in kind" if the U.S. imposes tariffs on France over its digital tax plan. British Prime Minister Boris Johnson told reporters upon his arrival in France that he plans to tell Trump at the summit to pull back from the trade war with China. U.S. President Donald Trump and First Lady Melania arrive in Biarritz for the G7 summit, France August 24, 2019. REUTERS/Regis Duvignau Regis Duvignau | Reuters President Donald Trump arrived in France on Saturday for the annual meeting of the Group of 7 powers, one day after he called his Federal Reserve chief an enemy of the United States and urged American companies to end business with China in the midst of an escalating trade war. The summit comes amid fears over a global economic slowdown, and U.S. tensions with allies over trade, Iran and Russia. Trump said Friday he will raise existing duties on $250 billion in Chinese products to 30% from 25% on Oct. 1. Additionally, tariffs on another $300 billion in Chinese goods, which start to take effect on Sept. 1, will now be 15% instead of 10%. In addition to the China trade war tensions, the president has maintained tough rhetoric against the European Union. The White House is set to decide in November whether they will impose duties on the autos industry in Europe. Earlier this year, Trump vowed to set tariffs on imported vehicles and parts from the EU and Japan, but delayed that duty for 180 days in May. earlier this month to boost U.S. beef exports. Trump again threatened to tax European cars Tuesday. "Dealing with the European Union is very difficult; they drive a high bargain," Trump said. "We have all the cards in this country because all we have to do is tax their cars and they'd give us anything we wanted because they send millions of Mercedes over. They send millions of BMWs over." Experts say that trade conflict with Europe could be much more damaging than the current tit-for-tat conflict with China. British Prime Minister Boris Johnson told reporters upon his arrival in France that he plans to tell Trump at the summit to pull back from the trade war with China. Johnson said his priorities for the summit "are clearly the state of global trade." "I am very worried about the way it's going, the growth of protectionism, of tariffs that we're seeing," Johnson told reporters on the tarmac. Trump's first meeting on Saturday was a private lunch with French President Emmanuel Macron. Macron, who will host the summit, said they were discussing world crises, including Libya, Iran and Russia, as well as trade policy and climate change. Trump said the two leaders "actually have a lot in common." "So far, so good," Trump said. "The weather is fantastic. Everybody's getting along. I think we will accomplish a lot this weekend." When asked if he would place tariffs on French wines in retaliation for France's digital services tax, as he previously threatened to do, Trump was noncommittal, but responded that he loves French wine. Donald Tusk, president of the European Council, said on Saturday that the EU would "respond in kind" if the U.S. imposes tariffs on France over the digital tax plan. The G-7, which represents the world's major industrial economies, includes the U.S., Germany, France, Japan, Canada, Italy, and the U.K. At the summit, world leaders are expected to discuss several foreign policy matters, including Iran and tensions between India and Pakistan, as well as record wildfires in the Amazon rainforest that have spurred global outrage. Formal talks begin Sunday morning. Many experts expect the summit to end because of clashes on trade. Related Tags Read more: CNBC
Everytime there is a story about Trump on CNBC it is accompanied by a photoshopped picture of him smiling, younger, & thinner. Time to get real. He is fat, puffy faced, turkey necked and always scowling and snarling. Shouldn't be too hard to find a more accurate picture. Dear World - sorry!! Gggg❤️❤️❤️😘
China announces tariffs on $75 billion of US goods as Trump heads to G7 summitChina announces it will impose tariffs on $75 billion worth of U.S. imports in retaliation for duty hikes the U.S. pledged to slap on Chinese imports. The move comes just as Pres. Trump is preparing to meet world leaders to discuss the global economy. This clown tRump will ruin the US. realDonaldTrump is incapable of discussing any issue, especially global economy. DonaldTrump's mission is to bankrupt America first. CNN MSNBC NBCNews CBSNews nytimes MaddowBlog Thought this was saying China is sending us giant rubik’s cubes
Escalation in U.S.-China trade war threatens global economy, poses Trump reelection riskAmerican cars, soybeans and oil largely produced in key swing states have been targeted for additional import tariffs by China, marking the latest volley in a widening trade war with the United States that has damaged the global economy. Sure, let's be more like China/Russia, the liberal socialist are the answer 😂 You are wrong! Please stop, getting old.
Trump arrives for G7 summit as global disputes threaten unityAs the global economy shudders, the Middle East boils and the Amazon rainforest burns, world leaders are convening on France's Atlantic coast for a weekend of talks few believe can solve any of it. Reekforce One has landed! Zombie
Trump Asserts He Can Force U.S. Companies to Leave ChinaPresident Trump has asserted that he has the authority to force all U.S. businesses to leave China. The 1977 law he cites was passed to define and restrain such assertions of power, not to enable a president to cut off economic ties with a trading partner. Well, it’s a long statute. You expect him to read it to the end? Pootin giggles And this is how a recession begins people
G7 participants brace for potential Trump dramaAs the Washington Post puts it, one of France's main objectives as host of this weekend's Group of Seven summit is to minimize the chances that President Trump will blow it up. Chris Jansing is joined by former Admiral James Stavridis, former New Jersey Governor Christine Todd Whitman, and former Deputy Assistant Secretary of State Philippe Reines to break down what we can expect from this year’s G7. ChrisJansing Euro trash wants our $$$ I say Fkoff and God Bless President Trump!!!!!!!!! ChrisJansing That Trudeau might try to kiss him! ChrisJansing Nothing
Trump walks into a ‘nightmare’ G7The president heads into a summit of world leaders in an increasingly isolated position, facing an increasingly troubled global economic environment. I hope none of the leaders talk to him! Two assistant officials who are present in back with Prime Minister Abe dislike this picture. Since it is a position like a child which cannot participate in a game although a representation is difficult .