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“Just Days Left” To Avoid Trade War France Says, As G-7 Condemn Trump

With Trump refusing to back down and slapping Section 232 tariffs on steel and aluminum imports from the EU, Canada and Mexico, which were enacted at midnight on June 1, the G-7 meeting taking place in Whistler, also known as Canada’s Davos, ended up being one big “bash America” show, with French finance minister Bruno Le Maire saying that “it has been a tense and tough G-7. I would say it has been far more a G-6 plus one than a G-7” pointing at the US, which on Friday he said was “alone against everyone and running the risk of economic destabilization.”
Morneau, third left, and fellow finances chiefs gather in Canada

Seemingly unable to grasp that Trump would dare break with decades of politically correct tradition and turn his back on allies who continue to impose tariffs on US exports yet balk when the US retaliates in kind, Le Maire said on Saturday that Washington has just a few days to take urgent measures if it wants to avoid unleashing a full-scale trade war with its European allies.

“We still have a few days to avoid an escalation. We still have a few days to take the necessary steps to avoid a trade war between the EU and the US, and to avoid a trade war among G7 members,”  Le Maire told journalists after the conclusion of the G-7 meeting, according to Reuters.

French Finance Minister Bruno Le Maire

He added that it is up to the US to make the first move:

“The ball is in the camp of the United States, it is up to the American administration to take the right decisions to smooth the situation and to alleviate the difficulties.”

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