This is good. Zero tariff, keep non-tariff
barriers/measures to the minimum. EU, Japan, Canada, China, dare -- game?
“We should at least consider no tariffs, no barriers —
scrapping all of it,” Trump said, according to officials who were listening and
taking notes.
Trump floated the idea — which was received as somewhat
rhetorical — as the meeting was breaking up and was quickly challenged by
Canadian Prime Minister Justin Trudeau, who asked, “What about subsidies?”
"No tariffs, no barriers, that's the way it should
be — and no subsidies," the president said at a press conference, before
taking questions.
"We don't want to pay anything — why should we
pay?" Trump said. "Ultimately, that's what you want. You want a
tariff free, no barriers and you want no subsidies."
“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."
“No tariffs, no barriers — that’s the way it should be.
And no subsidies,” Mr Trump said at a brief press conference before departing
from the G7 summit at the Québec resort town of La Malbaie. “We’re like the
piggy bank that everybody’s robbing, it’s got to end.”
"Also on Friday, Trump floated the idea of ending
all tariffs and trade barriers between the US and its allies - a pitch that
wasn't exactly expected, according to Politico. Trump offered the proposal at
the end of a "contentious" meeting on trade disputes. Most G-7
members remain furious with Trump over his decision to impose tariffs on
aluminum and steel imports, and his threats to impose more trade restrictions.
Merkel responded positively to Trump's suggestion, saying she would consider
it."
Other reports:
Tweets by
@realDonaldTrump, June 8:
Please tell Prime
Minister Trudeau and President Macron that they are charging the U.S. massive
tariffs and create non-monetary barriers. The EU trade surplus with the U.S. is
$151 Billion, and Canada keeps our farmers and others out. Look forward to seeing
them tomorrow.
Prime Minister
Trudeau is being so indignant, bringing up the relationship that the U.S. and
Canada had over the many years and all sorts of other things...but he doesn’t
bring up the fact that they charge us up to 300% on dairy — hurting our
Farmers, killing our Agriculture!
Why isn’t the
European Union and Canada informing the public that for years they have used
massive Trade Tariffs and non-monetary Trade Barriers against the U.S. Totally
unfair to our farmers, workers & companies. Take down your tariffs &
barriers or we will more than match you!
Tweets by
@realDonaldTrump, June 10:
Just left the @G7
Summit in beautiful Canada. Great meetings and relationships with the six
Country Leaders especially since they know I cannot allow them to apply large
Tariffs and strong barriers to...
...U.S.A. Trade.
They fully understand where I am coming from. After many decades, fair and
reciprocal Trade will happen!
The United States
will not allow other countries to impose massive Tariffs and Trade Barriers on
its farmers, workers and companies. While sending their product into our
country tax free. We have put up with Trade Abuse for many decades — and that
is long enough.
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!
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!
Zero tariff is good, it is happening. EU countries have
zero tariff among themselves; ASEAN countries have zero tariff among themselves
too; other regional blocs in Asia, S. America, Africa, Europe (like EFTA) do it
among themselves; also various bilateral FTAs. However they don't do it with
countries outside their regional blocs and bilateral FTAs, they practice
protectionism. Except HK which has zero tariff for all countries except for a
few regulated products (guns, bombs, chemical/poisonous substances,...)
The anti-trumpistas just hate any policy he takes. If he
slaps high tariffs to trade partners, they are angry. If he suggests zero
tariff, they are still angry. Seems they are more confused, more double-talkers
than the man they hate.
----------------See also:
Free Trade 63, Dealing with anti-trade lib, anti-TPP activists, February 06, 2016
Free Trade 64, PH experience in manufacturing growth, November 04, 2016
Free Trade 65, On the US withrawal from the TPP, February 19, 2017
BWorld 137, ASEAN trade expansion and RCEP, June 20, 2017
BWorld 167, Multilateral, bilateral, or unilateral liberalization, November 27, 2017
BWorld 175, Trends in global and Philippine trade, January 05, 2018
BWorld 180, Has East Asia liberalized its trade enough? January 19, 2018
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