United States is a 'piggybank everyone is robbing', says Trump at G7

United States is a 'piggybank everyone is robbing', says Trump at G7

United States is a 'piggybank everyone is robbing', says Trump at G7

With the recent announcement by the USA to impose tarriffs on steel and aluminium imports from traditional allies such as Canada, Mexico and the European Union, the G-7 summit in Canada was expected to involve tense negotiations over issues revolving around trade.

President Trump is demanding the other countries change their trade policies.

The annual summit sees leaders of seven of the world's most powerful nations - the United Kingdom, the USA, France, Germany, Japan, Italy and Canada - come together for discussion.

The noise of Trump's helicopter landing was so loud they had to stop talking for a while, in a scene one official compared to the opening from the United States television series MASH.

We are focused on everything we accomplished here at the #G7 summit.

MARTIN: Where do things stand right now between the USA and the rest of the G-7? And I don't blame them. President Trump held a surprise press conference before he left the summit, and he left a bit early.

Trump's characterization of the United States' relationships with allies as "a 10" when asked at the news conference about any tensions between his administration and other G7 nations also drew criticism from a senior European diplomat. "And before discussions could begin on any of this, we would have to ensure Russian Federation is amending its ways and taking a different route" - Trump's proposal receives short shrift from Britain's Theresa May who has accused Russian Federation of being behind the recent poisoning of a former spy.

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On Thursday, the chiefs of the general staff of the US and Russia - General Joseph Dunford and General Valery Gerasimov - met in Helsinki to discuss US-Russian relations, Syria and worldwide security issues.

RASCOE: President Trump was referring to the leaders of Germany, France and Canada. "Let's remember why the G-8 became the G-7", May told Sky News on Friday.

On Thursday, French President Emmanuel Macron had tweeted "the American President may not mind being isolated, but neither do we mind signing a 6 country agreement if need be". It's not exactly clear how he would carry that out. No tariffs, no barriers, that's the way it should be. We have a tremendous trade imbalance. But the lead ministers from both countries talked trade on the sidelines of the G7 leaders' meeting on Friday.

But by insisting on re-negotiating every five years, Trump is diametrically opposed with Canada, which says the sunset clause would create perpetual uncertainty and harm long-term investment. And what's his argument? The president alluded to the surprise during the press conference. It was kicked out of the G8 in 2014 for annexing Crimea from Ukraine.

The G7 also committed to working to ensure they complement the multilateral trade agreements and to modernize the WTO to make it more fair as soon as possible, the document said.

Meanwhile, Trump's off to Singapore to meet up with North Korea's Supreme Leader Kim Jong-un who landed in the country earlier today. What did he have to say ahead of that meeting?

Trump's strained relationship with the rest of the G7 was evident on Saturday when he arrived late for the opening session, with Trudeau addressing a gathering that included an empty chair where the president was meant to be. "I think it will be very positive", Mr Trump said on Friday, without giving details. He would know how things are going to go.

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