Trade war: European Union to put tariffs on USA after Trump’s ‘depressing’ tweets

German Federal Government  Jesco Denzel via Associated Press This instantly iconic

Democratic Sen. Dianne Feinstein of California appeared after Kudlow on the same program and called Trump's decision to not sign the communique a "mistake".

China and the U.S. have averted a trade war by reaching an agreement last month under which Beijing has agreed to "significantly increase" its purchases of American goods and services to reduce United States dollars 375 billion trade deficit with Washington.

US President Donald Trump will be leaving early from the summit with the leaders of the G7 countries after an unfruitful debate on trade tariffs.

Trump had set a very confrontational tone ahead of the summit by slapping tariffs on steel and aluminium imports from Canada and the European Union, and calling for Russian Federation to be let back into the summit.

Mr Trump has angered America's closest allies by imposing tariffs on steel and aluminium imports from Canada, the European Union and Mexico.

Reacting to the same, Trump's chief economic adviser Larry Kudlow said, "Trudeau really kind of stabbed us in the back".

The top trading partners of the U.S. are upset over recent imposition of a 25 per cent tariff on import of steel and 15 per cent on aluminum.

The president spoke at a spontaneous news conference at the G7 summit in Canada.

Trudeau told the president that Canadians did not take it lightly that the US has moved forward with significant tariffs on their steel and aluminum industry.

Leon Neal  Getty Images
Leon Neal Getty Images

Kudlow alleged that the Canadian Prime Minister used the G-7 summit for his domestic political consumption.

In a mocking tone, Kudlow rattled off the reasons Trudeau offered for his barbed critique of Trump's policies.

Rep. Eliot Engel, the Democratic ranking member of the House Committee on Foreign Affairs, said Trump's invitation to Russian Federation fits into a broader pattern of the president cozying up to President Vladimir Putin.

Navarro, the Trump trade adviser, said his harsh assessment of what "bad faith" Trudeau did with "that stunt press conference" on Saturday "comes right from Air Force One".

After Trump departed for Singapore for a highly anticipated meeting with North Korean leader Kim Jong Un, Trudeau criticized Trump for triggering a trade dispute and said Canada would retaliate with tariffs against the U.S.

"They should have said to him, 'God speed, you are negotiating with the insane nuclear tyrant in North Korea, and we are behind you, '" Kudlow said.

The president says the United States is "pretty close" to an agreement on the North American Free Trade Agreement (NAFTA) and discussing two types of sunset provisions in which any of the countries could leave the deal. "That there are no grounds whatsoever for bringing Russian Federation with its current behaviour back into the G7", said Canadian Foreign Minister Chrystia Freeland.

Trump says he has not spoken with Russian President Vladimir Putin in a while.

Looking for news you can trust? "So it's hardly a surprise he's now looking to the leader he seems to admire most: Vladimir Putin".

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