Wow. Stern.Six finance ministers, representing some of the closest allies of the U.S., issued a stern rebuke of the protectionist policies of the administration of President Donald Trump, signaling a deep rift in the relations underpinning the post-World War II trading system.
The ministers of the six non-U.S. members of the Group of Seven industrialized nations—the host Canada, along with France, Germany, the U.K., Italy and Japan—on Saturday issued a joint statement excluding the U.S., and conveying their “unanimous concern and disappointment” with the U.S. decision last week to impose tariffs on steel and aluminum imported from the European Union, Canada and Mexico.
WSJ
Maybe that's what comes of years of using national security as an excuse for anything the government wanted to hide from or use as an excuse for overreach, invasions and holding people without charge and torturing them.A frequent theme among the non-U.S. members was their distaste over Washington justifying its tariffs on national-security grounds.
[...]
The Trump administration has signaled its intent to use a similar security argument to affix tariffs on cars from Germany and Japan, and industrial supplies from China. It also used the national-security argument to impose tariffs on steel imports from Canada, its neighbor to the north.
It's what Trump does best. Winning!“I do not ever recall an instance where the U.S. was singled out for rebuke,” said Daniel Price, managing director of Rock Creek Global Advisors, who served as the sherpa representing the George W. Bush administration for G-7, G-20, and Asia-Pacific Economic Cooperation summits. “Traditionally the U.S. has been a driver of G-7 unity, and typically leads efforts to reach consensus. On trade, the U.S. has quite dramatically become a source of discord and division.”
Sherpa?
...but hey, do what you want...you will anyway.
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