Trump pulled the US out of the G7 Communique because US allies refuse to be bullied on trade.
Trump tweeted:
Based on Justin’s false statements at his news conference, and the fact that Canada is charging massive Tariffs to our U.S. farmers, workers and companies, I have instructed our U.S. Reps not to endorse the Communique as we look at Tariffs on automobiles flooding the U.S. Market!
— Donald J. Trump (@realDonaldTrump) June 9, 2018
PM Justin Trudeau of Canada acted so meek and mild during our @G7 meetings only to give a news conference after I left saying that, “US Tariffs were kind of insulting” and he “will not be pushed around.” Very dishonest & weak. Our Tariffs are in response to his of 270% on dairy!
— Donald J. Trump (@realDonaldTrump) June 9, 2018
Trump’s trade war will hurt the US auto parts industry
The CBC reported, “The vehicles leaving Canadian car plants for sale in the U.S. typically contain around 70 to 75 per cent NAFTA-zone content. Of that, the greatest share by far is American. In fact, so many U.S. car components enter this country for assembly that Canada runs a trade deficit of $13 billion with the U.S. in this category alone — an amount equivalent to Canada’s entire manufactured goods surplus with the U.S. in 2016.”
Trump’s tariff won’t be hurting Canada, but US auto parts suppliers.
Trump is tantruming because his tariff bullying bombed at the G7
Trump’s tantrum is all about the fact that he tried to bully the G7 and was laughed out of the meeting. Trump’s G7 press conference was a bizarre embarrassment.
His rants about trade policy were described as detached from reality by CNBC’s John Harwood:
Trump is throwing a fit because he is failing on the world stage. His tariff threats aren’t working, and the biggest losers of all are going to be the American people as the Trump tariffs are going to turn what was a good economy into a recession.
For more discussion about this story join our Rachel Maddow and MSNBC group.
Awards and Professional Memberships
Member of the Society of Professional Journalists and The American Political Science Association
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