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Trump Turns Tables on G-7 Allies With Free-Trade ‘Proclamation’

Jennifer Epstein, Theophilos Argitis
United States president Donald Trump looks to the media after arriving late to the G7 Gender Equality Advisory Council Breakfast at the G7 Summit in La Malbaie, Quebec, Canada, on Saturday, June 9, 2018.

President Donald Trump proposed the complete elimination of all barriers to international trade at a Group of Seven summit, a move that turns the tables on allies who accuse the U.S. of wielding protectionist policies.

“No tariffs, no barriers, that’s the way it should be, and no subsidies,” Trump said during a 30-minute press conference on the sidelines of the meeting in La Malbaie, Quebec. "I did suggest it and people were -- I guess they’re going to go back to the drawing board and check it out."

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White House Economic Adviser Larry Kudlow, who was invited by Trump to speak from the same podium, described the comments as Trump’s "free trade proclamation.”

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The trade spat has dominated the meeting, with Canada and European leaders threatening retaliatory action in response to U.S. tariffs on steel and aluminum. Trump fired back, saying the U.S. had been duped for for years by barriers and that any country that imposed its own measures would regret it.

“If they retaliate, they’re making a mistake,” Trump said.

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Read Trump Turns Tables on G-7 Allies With Free-Trade ‘Proclamation’ on bloombergpolitics.com