Developments on trade as Trump heads to Canada for summit

Developments on trade as Trump heads to Canada for summit

Developments on trade as Trump heads to Canada for summit

Macron said the message of other G7 leaders to Trump on the Iran deal should be: "You're not comfortable with an agreement signed by your predecessor, maybe just because it was signed by your predecessor, but don't stop others from respecting it and don't push Iran to leave, because today it's the best protection we have".

The ban on mobiles in schools, one of President Emmanuel Macron's campaign promises, will take effect in September 2018.

In his own tweets in French and English, Macron stated that while Trump "may not mind being isolated" the other six leaders meeting in Canada would also not mind signing an agreement among themselves.

German industrial orders plunged due to weak demand from domestic and euro zone clients in April, posting their fourth straight drop on the month, as growing uncertainty about a global trade war led companies to scale back investment plans.

The reading significantly undershot a Reuters poll of analysts, who had predicted a 0.8 per cent rise.

The Canadian government is rejecting a push by the Trump administration to strike separate, bilateral trade deals with Canada and Mexico instead of pushing ahead with a stalled effort to renegotiate the North American Free Trade Agreement.

Ministers from Germany, France and Britain have already written to USA officials urging them to shield European companies working in Iran from getting caught up in Washington's new sanctions on Tehran.

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In a second tweet Thursday evening, Trump said Trudeau "is being so indignant, bringing up the relationship that the US and Canada had over the many years and all sorts of other things".

It has also been suggested that Mr Trump had not been keen to attend the summit at all, with expected criticism and his meeting with North Korean leader Kim Jong Un looming.

President Trump launched an attack on host leader Canadian PM Justin Trudeau on Thursday night, describing him as "indignant", with officials predicting the mood is likely to be exceptionally tense. The Chamber of Commerce estimates that Trump's trade policies threaten as many as 2.6 million American jobs.

"His preference now - and he asked me to convey this - is to actually negotiate with Mexico and Canada separately", Mr Kudlow said. "The six countries of the G7 without the United States, are a bigger market taken together than the American market".

Larry Kudlow, Trump's top economic adviser, previewed the trip to reporters on Wednesday and dismissed the notion that Trump is reluctant to go to Canada.

Canada also announced retaliatory tariffs on $12.8 billion (£9.5 billion) worth of United States goods, including steel and aluminum products, mayonnaise, and sleeping bags. It is been reported that, in a phone call between the two leaders, Mr Trump wrongly accused Canada of "burning down the White House in 1812" as partial justification.

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.

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