United States Frozen out at 2018 G7 summit over tariffs against allies
By: Sarah Brunner, Xiro Xone News June 3, 2018 Updated: 2:41 AM PT
Members of the 2018 G7 Summit will likely freeze out the United States. The 44th G7 summit will be held on June 8 and 9, 2018, in La Malbaie, Quebec, Canada.
The G7, last called the G8, until they shunned Russia in retaliation over what Russia considered, a reclaiming of Crimea, and the U.S. considered annexation, is now considered the G6 plus one, the United States (US). The U.S. recently announced imposing tariffs on Canada, Mexico, and European allies when they import steel and aluminum into the United States.
British Prime Minister David Cameron once described the G8 by saying, “The G8 is a group of like-minded countries that share a belief in free enterprise as the best route to growth.”
When President Trump announced he would impose tariffs on allies of the United States, critics at in both parties were stunned. They put forth reasons why it would hurt American farmers, small businesses, and ultimately the American consumer who will pay higher prices.
European allies and U.S. neighbors like Canada and Mexico assumed they would be exempt from such an economic destabilization directive. But on Thursday, they realized that assumption was wrong when President Trump announced, he will move forward with tariffs of 25% for steel and 10% for aluminum imported into the U.S.
“Unfortunately we are going to have a G6 plus one with the United States alone against everyone and running the risk of economic destabilization,” Le Maire told reporters.
After pulling the United States out of the 2015 Iran Nuclear agreement, European members to the agreement have tried to hold it together for the sake of peace in the region and to prevent Iran, from acquiring nuclear weapons.
The Trump administration do not support European allies working with Iran, going so far as to threaten sanctions against countries doing business with them. Taking that position lead some believe, “the tariffs are an intimidation tactic” by the Trump administration to punish, or to push them into leaving the Iran nuclear agreement.
French Finance Minister Bruno Le Maire told Reuters, “Our entire objective is to bring the American authorities back to good sense and reason.” He went on to say, “the U.S. administration had put forward no convincing arguments to justify its tariff action.
As for Mexico, the Trump administration is being accused of punishing them with tariffs in retaliation for not agreeing to pay for Trump’s much-touted “Wall” on the boarder between the U.S. and Mexico, or their refusal to stop illegal crossings into the United States.
Canada seems to be caught in the crossfire between the U.S., Mexico and the European Union because there is no sound or verifiable reason for tariffs to be imposed on, Canada.
Le Maire said, “he would press Mnuchin for sanction exemptions for specific French companies so they could operate in Iran.”
The U.S. is faced with being frozen out by the remaining members of the G7 for tariffs that French Finance Minister Bruno Le Maire called, “legally unacceptable, politically unfair and economically dangerous”. U.S. Treasury Secretary Steve Mnuchin do not seem to care what critics or allies think. And do not appear ready to reverse or pull back on the tariffs.