[US trade wars further fermented: Six finance ministers condemned the United States for acceding to steel and aluminum tariffs, and the U.S. government stated that it will not be slovenly] According to a comprehensive report from the China Newcomb website, the three-day meeting of finance ministers and central bank governors of the G- On the 2nd in Whistler, Canada, six finance ministers issued a severe statement after the meeting, condemning the US Trump administration for imposing tariffs on steel and aluminum for allies, and demanding that U.S. And Disappointment" was conveyed to Trump.
The United States is accused of "betraying" allies trade war can resolve?
The statement prepared by Canada also called for "decisive actions" to be taken to resolve tariff disputes with the United States at the G7 leaders summit held in Quebec from the 8th to the 9th. The opposition within the Group of Seven is rare and it is expected that the Quebec summit will face fierce confrontation.
Although Mr. Mutukin tried to downplay the dispute, saying that the United States is still committed to the G7 process, French Finance Minister Lemer warned that the United States had only a few days to resolve the trade war between the Allied countries.
In March this year, the United States announced that it was imposing tariffs on imported steel and aluminum products on the grounds of safeguarding national security. Canada, the European Union and Mexico temporarily obtained exemptions. However, due to the failure to negotiate with the United States, the United States has started to impose tariffs of 25 percent and 10 percent on the steel and aluminum products of the three economies from June 1. The United Kingdom, Canada, France, Germany, Italy and Japan all must pay taxes today.
Representatives of the six countries at the Whistler meeting alleged that the United States "betrayed" its allies, saying that the United States imposed the steel and aluminum tariffs as "unacceptable" and "dangerous" behaviors, and that it was "taking guns to their heads."
Canadian Finance Minister Monet said that the US steel and aluminum tariff policy is abysmal. At the press conference after the Whistler meeting, he said: "The six countries that have expressed their views to Minister Mukuchin have agreed that these actions will have no benefit to our economy and will instead bring about destruction. We are concerned about this."
The EU is ready to counter
French Finance Minister Le Mayer pointed out that at present "the ball is in the United States", the United States must make a correct decision to ease the current tension and solve the problem. He warned that the EU is ready to take countermeasures against the new US tariffs. The US government has only a few days or even hours to avoid a trade war.
It is reported that Mr. Munuchin listened to the opinions of the representatives of the six countries at the meeting, but he spoke very little and said only that the relevant discussions should be continued at the Quebec summit. Munuchin said that he has conveyed some of the opinions expressed at the meeting to Trump, and Trump will discuss trade issues with the leaders of the six countries.
Munuchin said Trump is committed to "rebalancing our trade relations." He said: "These countries are our most important allies. We have long-established and important relationships with them in various fields."
U.S. Treasury Secretary Denies G7 Has Split
He also denied the split between the United States and the other six countries, and pointed out that trade was just one of the many issues at the conference. He said: "I have heard outside comments that the meeting is G6+1. No, this is the G7. We have confidence in the G7."
On the same day, Trump issued a document on Twitter, indicating that he will continue to take a tough stance on trade issues. He said: "When the annual trade deficit reaches nearly 800 billion U.S. dollars, you cannot lose the trade war. The U.S. has been exploited by other countries for many years in trade, and it is time to become smart."
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