Trump turns tables on G7 allies with free trade `proclamation'

US President Donald Trump (Pablo Martinez Monsivais, AP)
US President Donald Trump (Pablo Martinez Monsivais, AP)

US 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 US 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 US tariffs on steel and aluminum. Trump fired back, saying the US 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.

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
ZAR/USD
16.22
(+0.67)
ZAR/GBP
21.23
(+0.99)
ZAR/EUR
19.18
(+0.92)
ZAR/AUD
11.53
(+0.68)
ZAR/JPY
0.15
(+0.82)
Gold
1898.55
(-1.18)
Silver
24.55
(-1.54)
Platinum
876.00
(-0.85)
Brent Crude
42.06
(-3.35)
Palladium
2377.00
(-0.06)
All Share
54796.42
(-0.99)
Top 40
50276.84
(-1.23)
Financial 15
10376.28
(+2.34)
Industrial 25
74130.97
(-0.60)
Resource 10
52819.20
(-2.99)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
24% - 50 votes
No, I did not.
50% - 103 votes
My landlord refused
26% - 54 votes
Vote