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

Source: https://finance.yahoo.com/news/trump-turns-tables-g-7-152323672.html
Published: Jun 9, 2018
Author: Jennifer Epstein, Theophilos Argitis
Post Date: 2018-06-09 19:28:32 by Justified
Views: 3442

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."

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.”

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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#1: Justified    To: All (#0)

“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."

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.”

How about that you onesided free traders?

Never happen because socialist can not compete against capitalist!!!

Justified posted on 2018-06-09 19:30:08   Reply   Private Reply

#2: Justified    To: All (#0)

“No tariffs, no barriers, that’s the way it should be, and no subsidies,” Trump said

OMG that will kill crony capitalist ie socialism!

Never happen. Too bad!

Justified posted on 2018-06-09 19:32:52   Reply   Private Reply

#3: paraclete    To: Justified (#0)

“No tariffs, no barriers, that’s the way it should be, and no subsidies

Haven't we been down this road? and where does it get us? industries migrating to low cost countries, the rise of China, paid for by low US tariffs?

I have anew name for this, it is called dickhead economics

paraclete posted on 2018-06-09 19:36:20   Reply   Private Reply

#4: Justified    To: paraclete (#3)

US always wins fair trade ie real free trade. That's why other countries have to subsidies their business or protect them with tariffs.

Justified posted on 2018-06-09 19:49:53   Reply   Private Reply

#5: rlk    To: paraclete (#3)

I have anew name for this, it is called dickhead economics

Ross Perot called it the sound of jobs being sucked below the border.

rlk posted on 2018-06-09 20:43:32   Reply   Private Reply

#6: paraclete    To: Justified (#4)

US always wins fair trade ie real free trade.

The US isn't interested in fair trade and no trade with the US is free

paraclete posted on 2018-06-10 03:17:36   Reply   Private Reply

#7: A K A Stone    To: paraclete (#6)

We don't want fair trade. We want to get the better deal and dominate you weaklings.

A K A Stone posted on 2018-06-10 07:59:28   Reply   Private Reply

#8: paraclete    To: A K A Stone (#7)

We don't want fair trade. We want to get the better deal and dominate you weaklings.

at least you are honest enough to admit it, but smaller doesn't mean weaker, a mistake you often make

paraclete posted on 2018-06-11 23:13:45   Reply   Private Reply