US Isolated at G7 Meeting as Tariffs Prompt Retaliation
(From Reuters)
The United States’ closest allies attacked the Trump administration on Friday for imposing tariffs on steel and aluminum imports and mounted challenges with the world’s top trade body, fouling the mood at a G7 finance leaders meeting.
U.S. Treasury Secretary Steven Mnuchin was the prime target of the criticism at the meeting of Group of Seven finance ministers and central bank governors in Canada, with the six other G7 member countries subject to the U.S. metals tariffs, which were imposed on national security grounds.
The tariffs also are complicating U.S. efforts to gain cooperation to challenge China’s trade practices as U.S. Commerce Secretary Wilbur Ross arrives in Beijing on Saturday for talks aimed at averting a U.S.-China trade war.
Japanese Finance Minister Taro Aso, whose country’s steel and aluminum producers have been paying the U.S. metals tariffs since March 23, called the U.S. action “deeply deplorable.”
“This doesn’t happen that often at G7 meetings, but it was U.S. against everyone else,” Aso told reporters.
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Source: https://www.ac2news.com/2018/06/us-isolated-at-g7-meeting-as-tariffs-prompt-retaliation/
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