G7, Trump
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Japanese premier Shigeru Ishiba's bid to get U.S. President Donald Trump to relax tariffs imperiling his country's economy and his political future fell flat this week, underlining the gulf between the allies as more levies are set to kick in.
The U.S. and UK announced a trade deal as President Donald Trump and UK Prime Minister Keir Starmer signed an agreement at the G7 Summit in Canada, lowering certain tariffs and setting new quotas for British exports to the U.
The deal leaves intact Trump’s new 10% baseline tariffs, but allows limited exemptions from Trump’s 25% tariff on foreign-made cars and 50% tariffs on steel and aluminum.
President Donald Trump and British Prime Minister Keir Starmer signed a bilateral trade agreement Monday at the G7 Summit, formally reducing tariffs on select sectors while leaving critical steel and aluminum import quotas undetermined.
KANANASKIS, Canada (Reuters) -Japanese premier Shigeru Ishiba's bid to get U.S. President Donald Trump to relax tariffs imperiling his country's economy and his political future fell flat this week, underlining the gulf between the allies as more levies are set to kick in.
U.S. President Donald Trump on Tuesday said Japan was being "tough" in trade talks and the European Union had not yet offered what he considered a fair deal, as a team led by Treasury Secretary Scott Bessent stayed at the G7 meeting in Canada to keep working on trade issues after Trump's abrupt early departure.
The Canadian Press on MSN1d
U.S. President Trump leaving Alberta G7 summit early because of crisis in Middle EastEscalating violence in the Middle East overshadowed movement on trade deals within the G7 on Monday, as U.S. President Donald Trump announced late in the day that he would be leaving the leaders' summit early because of the crisis in Israel and Iran.