Do you think he would be at the G-7 interesting if true
Trump calls for G-7 countries to drop all tariffs, subsidies
'That's the way you learned at the Wharton School of Finance'
President Trump proposed a major shakeup of the world’s economic order during a summit in Canada this week, suggesting the world’s big economies drop all tariffs and market-distoring subsidies and go to a fully free system of trade.
He said Saturday that he’s also considering scrapping the North American Free Trade Agreement in favor of bilateral trade deals with Canada and Mexico individually.
The announcements come as Mr. Trump seeks to make headway on the deep U.S. trade deficit, saying the country has been taken advantage of for too long, and he is fighting back. He delivered that message personally during meetings with other leaders of the Group of Seven major economies, which took place in Canada on Friday and Saturday.
“We’re like the piggy bank that everybody’s robbing, and it ends,” Mr. Trump told reporters at a press conference at the end of the meeting, just before he jets off to Singapore to meet with North Korea’s leader.
He said he suggested cutting all of the tariffs, duties and even government subsidies among the G7 countries, and said other leaders would “go back to the drawing board and check it out.”
“Ultimately that’s what you want. You want a tariff-free — you want no barriers, and you want no subsidies,” he said. “That’s the way you learned at the Wharton School of Finance.”
The president went into the meeting under intense pressure from foreign leaders after he slapped high tariffs on steel and aluminum imports, citing U.S. national security needs. Canada and European leaders were enraged, vowed to retaliate, and delivered a number of jabs at the president ahead of the G7 summit.
Mr. Trump, though, said conversations were cordial and respectful at the summit.
“It was not contentious. What was strong is the language that this cannot go on. But the relationships are very good,” he said.
The president has been a disruptive force for the international trading order, insisting other countries move to reduce barriers he said have left the U.S. with a trade deficit of more than $800 billion.
He said he didn’t blame the other world leaders, saying their countries struck good deals at America’s expense, and said he blamed previous U.S. presidents.
Mr. Trump has already pulled the U.S. out of the Trans-Pacific Partnership trade deal, and has forced a renegotiation of NAFTA.
He said Saturday that he is still in those talks, with a key sticking point being whether there will be a sunset on the deal so that it’s regularly reevaluated. Canada has flatly rejected a sunset, but Mr. Trump said he’s making progress on it.
The president said if he doesn’t get the NAFTA deal he’s looking for, he’ll scrap the three-way agreement and instead negotiate bilateral deals with Mexico and Canada individually — which he said would be a loss for both those nations.
https:// www.washingtontimes.com/news/2018/jun/9/donald-trump-top-economies-should-drop-all-tariffs/
Twitter explodes over photo of Angela Merkel staring down Trump at G7 Summit
A picture of German Chancellor Angela Merkel dominating a circle of world leaders and staring down President Trump quickly went viral on Saturday after she posted the picture to Instagram.
The image was described as a “spontaneous meeting between two working sessions” according to the caption on the German leader's official Instagram account, and social media users quickly ran with the photo.
Featured in the shot are Merkel, Trump, U.S. national security adviser John Bolton, Japanese Prime Minister Shinzo Abe, and multiple other high-level delegates.
The fact that Angela Merkel's team shared this photo shows how much they despise Trump. pic.twitter.com/RIb7esIPWw
— Erick Fernandez (@ErickFernandez) June 9, 2018
The body language pic.twitter.com/E9o6TPzek6
— Laura Rozen (@lrozen) June 9, 2018
Angela Merkel’s office released this photo. A meeting between meetings at the G7…
No words are needed about who’s thinking what here. Just marvel at the different expressions. Europe, Japan, and the United States.
It’s like looking at Da Vinci’s The Last Supper.
Glorious. pic.twitter.com/5EwYMW3Jyw
— David Videcette (@DavidVidecette) June 9, 2018
At the G-7 Trump is Merkel-splained pic.twitter.com/hfjANZ0rdp
— William Bain (@William_Bain) June 9, 2018
Many users suggested her body language was telling of heightened tensions over trade relations between Trump and other G7 leaders. Trump warned the group on Saturday that the days of countries allegedly taking advantage of the U.S. on trade is “over.”
Trump left the global economic summit early to head to his upcoming meeting with North Korean leader Kim Jong Un in Singapore.
https:// www.washingtonexaminer.com/news/twitter-explodes-over-photo-of-angela-merkel-staring-down-trump-at-g7-summit
G7 countries to sign joint declaration despite Trump's tariffs on steel and aluminum
Both German Chancellor Angela Merkel and French President Emmanuel Macron confirmed Saturday that the G7 members will sign a joint declaration outlining reduced tariffs for all members.
The announcement comes on the heels of President Trump's early departure from the summit, where he maintained a hard-line stance on his steel and aluminum tariffs and reversing the U.S.' trade imbalances with its allies.
Still, Trump did state at his Saturday morning press conference that, ultimately, his free trade hope for the international community would be to do away with all tariffs and other trade barriers.
"For us, it was important that we have a commitment to a rule-based trade order, that we continue to fight against protectionism and that we want to reform the World Trade Organization,” Merkel said of the declaration later Saturday afternoon.
“These are jointly shared principles, although the pitfalls lie in the detail,” she added on the stated goal of reducing tariffs among G7 members.
President Macron further called the agreement "good news and it marks a collective desire to stabilize things.”
"Nevertheless, I do not consider that with a declaration all is obtained and it is obvious that we will have in the coming weeks, the next months, to continue to work."
https://www.washingtonexaminer.com/news/g7-countries-to-sign-joint-declaration-despite-trumps-tariffs-on-steel-and-aluminum
I am laughing at the fact that she thinks she can, POTUS has quite the backing behind him if you study some of the faces there.
Eric Holder primed to profit off #MeToo allegations in Hollywood
Eric Holder is reportedly selling his services as a crisis litigator to Hollywood bigwigs who might come under fire in the #MeToo movement.
According to Variety, the former attorney general — now a partner with the law firm Covington & Burling — pitched his "investigative services" to several Hollywood executives on Friday.
Holder was among Covington & Burling's investigators who led the review of sexual harassment claims plaguing Uber's executive team in 2017.
Their report led to the eventual firing of co-founder and former CEO, Travis Kalanick, and called for increased board oversight and a streamlined human resources process, specific to sexual harassment claims.
Holder's two partners on Covington & Burling's #MeToo investigations team spoke to Variety about their plan to expand in Hollywood.
"The lesson of Uber is it’s vastly better to look at these issues proactively rather than reactively," Aaron Lewis explained.
Lindsey Burke added that, "if you’re going to get into brand crisis level allegations, you need more resources. You need resources to review a larger set of documents. You need corporate governance expertise.”
"Some companies are trying to do this proactively and get out there and figure out, ‘What don’t we know?'”
https:// www.washingtonexaminer.com/news/eric-holder-primed-to-profit-off-metoo-allegations-in-hollywood
Sen. Ben Sasse: Trump's 'constant victim-talk' isn't helping trade
Sen. Ben Sasse, R-Neb., slammed President Trump for “constant victim-talk” and misleading Americans while negotiating trade with global leaders.
While commending the president for his stance on the expansion of a “G7 no-tariff, free trade trade agreement,” Sasse skewered him for his unhelpful rhetoric when negotiating trade.
“The constant victim-talk doesn’t help anyone,” he said in a Saturday statement, before suggesting that Trump’s tone is misleading Americans.
statement on G7 talks:
"constant victim-talk doesn't help trade negot'ns & doesn't help citizens make sense of disruption coming from tech" pic.twitter.com/RvpxSboqX6
— Ben Sasse (@BenSasse) June 9, 2018
“It doesn’t help trade negotiations," he continued. "And it doesn’t help U.S. citizens understand the disruption in our economy that is actually coming from more technology and more automation, not from free trade agreements – which have overwhelmingly benefited American families.”
Trump has vowed to put an end to foreign countries taking advantage of the U.S. in trade and warned that “those days are over.”
https:// www.washingtonexaminer.com/news/sen-ben-sasse-trumps-constant-victim-talk-isnt-helping-trade