Trump on US-China trade war: ‘I could declare a national emergency’

SAINT-JEAN-DE-LUZ, France — President Donald Trump said Sunday he could declare the escalating U.S.-China trade war as a national emergency if he wanted to. “In many ways this is an emergency,” Trump said at the G-7 leaders meeting of the ongoing trade battle between the world’s top two economies. When asked if Trump had second thoughts about Friday’s move to escalate the trade war with China, Trump said “Yup.” During the bilateral with Johnson, Trump dismissed concerns that leaders at the G-7 a


SAINT-JEAN-DE-LUZ, France — President Donald Trump said Sunday he could declare the escalating U.S.-China trade war as a national emergency if he wanted to. “In many ways this is an emergency,” Trump said at the G-7 leaders meeting of the ongoing trade battle between the world’s top two economies. When asked if Trump had second thoughts about Friday’s move to escalate the trade war with China, Trump said “Yup.” During the bilateral with Johnson, Trump dismissed concerns that leaders at the G-7 a
Trump on US-China trade war: ‘I could declare a national emergency’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-25  Authors: amanda macias
Keywords: news, cnbc, companies, war, declare, president, trump, national, billion, g7, emergency, tariffs, white, think, trade, uschina, china


Trump on US-China trade war: 'I could declare a national emergency'

U.S. President Donald Trump attends a bilateral meeting with Britain’s Prime Minister Boris Johnson during the G7 summit on August 25, 2019 in Biarritz, France.

SAINT-JEAN-DE-LUZ, France — President Donald Trump said Sunday he could declare the escalating U.S.-China trade war as a national emergency if he wanted to.

“In many ways this is an emergency,” Trump said at the G-7 leaders meeting of the ongoing trade battle between the world’s top two economies.

“I could declare a national emergency, I think when they steal and take out and intellectual property theft anywhere from $300 billion to $500 billion a year and when we have a total lost of almost a trillion dollars a year for many years,” Trump said, adding that he had no plan right now to call for a national emergency.

“Actually we are getting along very well with China right now, we are talking. I think they want to make a deal much more than I do. I’m getting a lot of money in tariffs its coming in by the billions. We’ve never gotten 10 cents from China, so we will see what happens.”

Trump’s comments come as he met with Britain’s Prime Minister Boris Johnson kicking off Group of 7 meetings in the French seaside town of Biarritz.

Clouding the G-7 gathering, which represents the world’s major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.

On Friday, Trump said he would raise existing duties on $250 billion in Chinese products to 30% from 25% on Oct. 1. What’s more, tariffs on another $300 billion of Chinese goods, which start to take effect on Sept. 1, will now be 15% instead of 10%.

When asked if Trump had second thoughts about Friday’s move to escalate the trade war with China, Trump said “Yup.” “I have second thoughts about everything,” he added.

Hours later, the White House issued a statement saying that Trump meant to say that he wished he had raised tariffs on Beijing even higher.

“His answer has been greatly misinterpreted. President Trump responded in the affirmative – because he regrets not raising the tariffs higher,” White House spokeswoman Stephanie Grisham wrote in a statement.

During the bilateral with Johnson, Trump dismissed concerns that leaders at the G-7 and other U.S. allies would pressure him in ending the trade war with China.

“I think they respect the trade war, it has to happen. China has been, well I can only speak for the United States, I can’t say what they are doing to the U.K. and other places, but from the standpoint of the United States what they’ve done is outrageous that presidents and administrations allowed them to get away with taking hundreds of billions of dollars out every year and putting it into China,” Trump said.

“Our country is doing really well, we had horrible trade deals and I’m straightening them out. The biggest one by far is China,” he added.

This article was updated to include a White House statement.


Company: cnbc, Activity: cnbc, Date: 2019-08-25  Authors: amanda macias
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White House says Trump regrets not raising tariffs on China higher

President Donald Trump attends the first working session of the G7 Summit on August 25, 2019 in Biarritz, France. SAINT-JEAN-DE-LUZ, France — Hours after President Donald Trump said Sunday he had “second thoughts” about escalating the trade war with China, the White House sought to explain his remark because it was “greatly misinterpreted.” President Trump responded in the affirmative – because he regrets not raising the tariffs higher,” White House spokeswoman Stephanie Grisham wrote in a state


President Donald Trump attends the first working session of the G7 Summit on August 25, 2019 in Biarritz, France. SAINT-JEAN-DE-LUZ, France — Hours after President Donald Trump said Sunday he had “second thoughts” about escalating the trade war with China, the White House sought to explain his remark because it was “greatly misinterpreted.” President Trump responded in the affirmative – because he regrets not raising the tariffs higher,” White House spokeswoman Stephanie Grisham wrote in a state
White House says Trump regrets not raising tariffs on China higher Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-25  Authors: amanda macias
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White House says Trump regrets not raising tariffs on China higher

President Donald Trump attends the first working session of the G7 Summit on August 25, 2019 in Biarritz, France.

SAINT-JEAN-DE-LUZ, France — Hours after President Donald Trump said Sunday he had “second thoughts” about escalating the trade war with China, the White House sought to explain his remark because it was “greatly misinterpreted.”

“This morning in the bilat with the U.K., the president was asked if he had ‘any second thought on escalating the trade war with China’. His answer has been greatly misinterpreted. President Trump responded in the affirmative – because he regrets not raising the tariffs higher,” White House spokeswoman Stephanie Grisham wrote in a statement.

The statement came hours after Trump held a bilateral meeting with British Prime Minister Boris Johnson at the G-7 in Biarritz, France. During the meeting, Trump was asked if he had second thoughts about escalating the trade war with China. Trump said, “Yup.” The question was repeated and he added, “I have second thoughts about everything.”

Last week, Trump said he would raise existing duties on $250 billion in Chinese products to 30% from 25% on Oct. 1. What’s more, tariffs on another $300 billion of Chinese goods, which start to take effect on Sept. 1, will now be 15% instead of 10%.

The moves were the latest punches in a tit-for-tat trade war between the world’s two largest economies that has spooked investors and raised fears that the global economy will dip into a recession.

Trump downplayed those concerns saying “our country is doing really well, we had horrible trade deals and I’m straightening them out.”


Company: cnbc, Activity: cnbc, Date: 2019-08-25  Authors: amanda macias
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Trump can use these powers to pressure US companies to leave China

President Donald Trump speaks to the media as he departs the White House in Washington, DC, on August 21, 2019. Jim Watson | AFP | Getty ImagesHours after China announced retaliatory tariffs on U.S. goods on Friday, President Donald Trump ordered U.S. companies to “start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.” The stakes are high: U.S. companies invested a total of $256 billion in China between 1990 and 2017, compared with


President Donald Trump speaks to the media as he departs the White House in Washington, DC, on August 21, 2019. Jim Watson | AFP | Getty ImagesHours after China announced retaliatory tariffs on U.S. goods on Friday, President Donald Trump ordered U.S. companies to “start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.” The stakes are high: U.S. companies invested a total of $256 billion in China between 1990 and 2017, compared with
Trump can use these powers to pressure US companies to leave China Cached Page below :
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Trump can use these powers to pressure US companies to leave China

President Donald Trump speaks to the media as he departs the White House in Washington, DC, on August 21, 2019. Jim Watson | AFP | Getty Images

Hours after China announced retaliatory tariffs on U.S. goods on Friday, President Donald Trump ordered U.S. companies to “start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.” The stakes are high: U.S. companies invested a total of $256 billion in China between 1990 and 2017, compared with $140 billion Chinese companies have invested in the United States, according to estimates by the Rhodium Group research institute. Some U.S. companies had been shifting operations out of China even before the tit-for-tat tariff trade war began more than a year ago. But winding down operations and shifting production out of China completely would take time. Further, many U.S. companies such as those in the aerospace, services and retail sectors would be sure to resist pressure to leave a market that is not only huge but growing. Unlike China, the United States does not have a centrally planned economy. So what legal action can the president take to compel American companies to do his bidding? Trump does have some powerful tools that would not require approval from U.S. Congress:

More tariffs

Trump could do more of what he’s already doing, that is hiking tariffs to squeeze company profits enough for them to make it no longer worth their while to operate out of China. Trump on Friday boosted by 5 percentage points the 25% tariffs already in place on nearly $250 billion of Chinese imports, including raw materials, machinery, and finished goods, with the new higher 30% rate to take effect on Oct. 1. He said planned 10% tariffs on about $300 billion worth of additional Chinese-made consumer goods would be raised to 15%, with those measures set to take effect on Sept. 1 and Dec. 15. In addition to making it more expensive to buy components from Chinese suppliers, tariff hikes punish U.S. firms that manufacture goods through joint ventures in China.

“National Emergency”

Trump could treat China more like Iran and order sanctions, which would involve declaring a national emergency under a 1977 law called the International Emergency Economic Powers Act, or IEEPA. Once an emergency is declared, the law gives Trump broad authority to block the activities of individual companies or even entire economic sectors, former federal officials and legal experts said. For example, by stating that Chinese theft of U.S. companies’ intellectual property constitutes a national emergency, Trump could order U.S. companies to avoid certain transactions, such as buying Chinese technology products, said Tim Meyer, director of the International Legal Studies Program at Vanderbilt Law School in Nashville. Trump used a similar strategy earlier this year when he said illegal immigration was an emergency and threatened to put tariffs on all Mexican imports. Past presidents have invoked IEEPA to freeze the assets of foreign governments, such as when former President Jimmy Carter in 1979 blocked assets owned by the Iranian government from passing through the U.S. financial system. “The IEEPA framework is broad enough to do something blunt,” said Meyer. Using it could risk unintended harm to the U.S. economy, said Peter Harrell, a former senior State Department official responsible for sanctions, now at the Center for a New American Security. U.S. officials would need to weigh the impact of China’s likely retaliation and how U.S. companies would be affected. Invoking IEEPA could also trigger legal challenges in U.S. courts, said Mark Wu, a professor of international trade at Harvard Law School.

Federal procurement curbs

Another option that would not require congressional action would be to ban U.S. companies from competing for federal contracts if they also have operations in China, said Bill Reinsch, a senior adviser at the Center for Strategic and International Studies think tank. Such a measure might be targeted specifically at certain sectors since a blanket order would hit companies such as Boeing (BA.N), which is both a key weapons maker for the Pentagon and the top U.S. exporter. Boeing opened its first completion plant for 737 airliners in China in December, a strategic investment aimed at building a sales lead over its European arch-rival Airbus (AIR.PA). Boeing and Airbus have been expanding their footprint in China as they vie for orders in the country’s fast-growing aviation market, which is expected to overtake the United States as the world’s largest in the next decade.

1917 Trading with the Enemy Act


Company: cnbc, Activity: cnbc, Date: 2019-08-24
Keywords: news, cnbc, companies, emergency, china, chinese, leave, international, pressure, law, legal, companies, trump, tariffs, president, powers


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Trump says he’s ordering American companies to immediately start looking for an alternative to China

President Donald Trump on Friday said he was ordering U.S. companies to “immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.” Trump also said he was ordering all U.S. postal carriers, including FedEx, Amazon, UPS and United States Post Office, “to SEARCH FOR & REFUSE all deliveries of Fentanyl from China (or anywhere else!).” And Trump said he will respond this afternoon to China’s newest round of tariffs on U.S. good


President Donald Trump on Friday said he was ordering U.S. companies to “immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.” Trump also said he was ordering all U.S. postal carriers, including FedEx, Amazon, UPS and United States Post Office, “to SEARCH FOR & REFUSE all deliveries of Fentanyl from China (or anywhere else!).” And Trump said he will respond this afternoon to China’s newest round of tariffs on U.S. good
Trump says he’s ordering American companies to immediately start looking for an alternative to China Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: kevin breuninger
Keywords: news, cnbc, companies, postal, respond, american, companies, powell, trump, orders, immediately, tweets, ups, start, china, looking, president, ordering, hes, alternative


Trump says he's ordering American companies to immediately start looking for an alternative to China

President Donald Trump on Friday said he was ordering U.S. companies to “immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.”

Trump also said he was ordering all U.S. postal carriers, including FedEx, Amazon, UPS and United States Post Office, “to SEARCH FOR & REFUSE all deliveries of Fentanyl from China (or anywhere else!).”

And Trump said he will respond this afternoon to China’s newest round of tariffs on U.S. goods.

The White House did not immediately respond when asked if the announcement, delivered in a four-part Twitter thread Friday morning, constituted an official order from the president.

It was not immediately clear how, or under what authority, the president could implement these declared orders, or whether he had already done so.

Stocks sank to session lows shortly after Trump’s tweets. The Dow Jones Industrial Average fell more than 435 points, or 1.6%, while the S&P 500 slid 1.7% and the Nasdaq Composite dove 2%.

In a statement, UPS said that it “follows all applicable laws and administrative orders of the governments in the countries where we do business. We work closely with regulatory authorities to monitor for prohibited substances.”

FedEx also responded: “FedEx already has extensive security measures in place to prevent the use of our networks for illegal purposes. We follow the laws and regulations everywhere we do business and have a long history of close cooperation with authorities.”

Amazon and the Postal Service were not immediately available for comment.

Trump’s tweets followed another missive against Federal Reserve Chairman Jay Powell, who had just pledged to “act as appropriate” to sustain the U.S. economy amid the “deteriorating” global economic outlook.

In an apparent response, Trump tweeted: “Who is our bigger enemy,” Powell or Chinese President Xi Jinping?


Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: kevin breuninger
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In a bad sign for trade talks, Trump deploys a new label for China’s Xi – ‘enemy’

Chinese President Xi Jinping and U.S. President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. Even as trade tensions continued to heat up, President Donald Trump would make sure to refer to China’s president, Xi Jinping, as his “friend.” On Friday, though, Trump unveiled a new label for his Chinese counterpart: “enemy.” “My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?” Trump also said Friday that he had “hereby ord


Chinese President Xi Jinping and U.S. President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. Even as trade tensions continued to heat up, President Donald Trump would make sure to refer to China’s president, Xi Jinping, as his “friend.” On Friday, though, Trump unveiled a new label for his Chinese counterpart: “enemy.” “My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?” Trump also said Friday that he had “hereby ord
In a bad sign for trade talks, Trump deploys a new label for China’s Xi – ‘enemy’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: tucker higgins
Keywords: news, cnbc, companies, question, deploys, sign, label, xi, enemy, chinas, trumps, trump, tariffs, trade, jinping, bad, chairman, president, talks, chinese


In a bad sign for trade talks, Trump deploys a new label for China's Xi – 'enemy'

Chinese President Xi Jinping and U.S. President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017.

Even as trade tensions continued to heat up, President Donald Trump would make sure to refer to China’s president, Xi Jinping, as his “friend.” On Friday, though, Trump unveiled a new label for his Chinese counterpart: “enemy.”

In one of a series of tweets that rattled markets, the president posed a question to his more than 60 million followers comparing Xi to Federal Reserve Chairman Jerome Powell.

“My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?” Trump wrote.

The tweet came shortly after China announced that it will impose 5%-10% tariffs on $75 billion worth of U.S. goods and reinstate duties on American autos. The tariffs will come in two batches, on Sept. 1 and Dec. 15, which are the same days that Trump’s newest round of tariffs on Chinese goods will go into effect.

The S&P 500 index of large publicly traded companies was down about 1.8% Friday morning after briefly going positive. Trump also said Friday that he had “hereby ordered” U.S. firms to seek an “alternative ” to China.

At first blush, Trump’s comment was striking not for its slam on the communist leader, but for the critique of the American central bank chairman whom Trump himself appointed.

But it also suggests that the president’s personal relationship with Xi, which Trump has touted as the best route to completing a major trade deal uniting the world’s two largest economies, is at a low point.


Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: tucker higgins
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France says won’t support Mercosur given Brazil president’s climate comments

France opens probe of possible crimes linked to Jeffrey EpsteinEpstein, a former friend of Presidents Donald Trump and Bill Clinton, was arrested by FBI agents in New Jersey in early July as he stepped off his private plane, which had… Politicsread more


France opens probe of possible crimes linked to Jeffrey EpsteinEpstein, a former friend of Presidents Donald Trump and Bill Clinton, was arrested by FBI agents in New Jersey in early July as he stepped off his private plane, which had… Politicsread more
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France says won't support Mercosur given Brazil president's climate comments

France opens probe of possible crimes linked to Jeffrey Epstein

Epstein, a former friend of Presidents Donald Trump and Bill Clinton, was arrested by FBI agents in New Jersey in early July as he stepped off his private plane, which had…

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President Trump met with trade team at White House amid tweetstorm that rocked markets

France opens probe of possible crimes linked to Jeffrey EpsteinEpstein, a former friend of Presidents Donald Trump and Bill Clinton, was arrested by FBI agents in New Jersey in early July as he stepped off his private plane, which had… Politicsread more


France opens probe of possible crimes linked to Jeffrey EpsteinEpstein, a former friend of Presidents Donald Trump and Bill Clinton, was arrested by FBI agents in New Jersey in early July as he stepped off his private plane, which had… Politicsread more
President Trump met with trade team at White House amid tweetstorm that rocked markets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: thomas franck
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President Trump met with trade team at White House amid tweetstorm that rocked markets

France opens probe of possible crimes linked to Jeffrey Epstein

Epstein, a former friend of Presidents Donald Trump and Bill Clinton, was arrested by FBI agents in New Jersey in early July as he stepped off his private plane, which had…

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Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: thomas franck
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Top U.S. publishers sue Amazon’s Audible for copyright infringement to block new caption feature

France opens probe of possible crimes linked to Jeffrey EpsteinEpstein, a former friend of Presidents Donald Trump and Bill Clinton, was arrested by FBI agents in New Jersey in early July as he stepped off his private plane, which had… Politicsread more


France opens probe of possible crimes linked to Jeffrey EpsteinEpstein, a former friend of Presidents Donald Trump and Bill Clinton, was arrested by FBI agents in New Jersey in early July as he stepped off his private plane, which had… Politicsread more
Top U.S. publishers sue Amazon’s Audible for copyright infringement to block new caption feature Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: annie palmer
Keywords: news, cnbc, companies, possible, audible, sue, trump, infringement, copyright, presidents, caption, probe, private, stepped, plane, opens, feature, linked, jersey, block, publishers, amazons


Top U.S. publishers sue Amazon's Audible for copyright infringement to block new caption feature

France opens probe of possible crimes linked to Jeffrey Epstein

Epstein, a former friend of Presidents Donald Trump and Bill Clinton, was arrested by FBI agents in New Jersey in early July as he stepped off his private plane, which had…

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Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: annie palmer
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Apple and chip stocks slide after Trump orders US companies to look for alternative to China

Semiconductor stocks and shares of Apple slid more than their peers in the tech sector on Friday, after President Donald Trump said U.S. companies should “immediately start looking for an alternative” to their operations in China. Among the chip companies, Qualcomm slid 4.7%, Nvidia lost 5.2%, Advanced Micro Devices dropped 7.4%, Micron fell roughly 4% and Broadcom slid 5.3%. Apple has felt the effects of Trump’s trade war with China more than most technology companies. Trump’s comments on Frida


Semiconductor stocks and shares of Apple slid more than their peers in the tech sector on Friday, after President Donald Trump said U.S. companies should “immediately start looking for an alternative” to their operations in China. Among the chip companies, Qualcomm slid 4.7%, Nvidia lost 5.2%, Advanced Micro Devices dropped 7.4%, Micron fell roughly 4% and Broadcom slid 5.3%. Apple has felt the effects of Trump’s trade war with China more than most technology companies. Trump’s comments on Frida
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Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: annie palmer
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Apple and chip stocks slide after Trump orders US companies to look for alternative to China

Semiconductor stocks and shares of Apple slid more than their peers in the tech sector on Friday, after President Donald Trump said U.S. companies should “immediately start looking for an alternative” to their operations in China.

Shares of Apple ended the day down 4.6%, while the VanEck Vectors Semiconductor ETF declined 4.1%. Among the chip companies, Qualcomm slid 4.7%, Nvidia lost 5.2%, Advanced Micro Devices dropped 7.4%, Micron fell roughly 4% and Broadcom slid 5.3%.

The tech-heavy Nasdaq was off 2.6%, while the Dow Jones Industrial Average slid 2.3% and the S&P 500 fell 2.5%.

Apple has felt the effects of Trump’s trade war with China more than most technology companies. The company conducts the majority of its manufacturing process in China and the Chinese market represents a significant portion of its sales.

Trump’s comments on Friday mark the latest fallout in the trade war between the U.S. and China.

Markets immediately began to turn lower after Trump tweeted: “Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing … your companies HOME and making your products in the USA.”

Trump’s tweet came after China on Friday pledged to levy tariffs on $75 billion more of U.S. goods, including autos. The new tariffs followed Trump’s plan to impose duties on $300 billion worth of China’s goods by December.


Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: annie palmer
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Stuck between EU leaders and Trump, Boris Johnson could have a very awkward G-7 summit

When some of the world’s most powerful leaders meet in France this weekend for the Group of Seven (G-7) summit, the focus will be on how well (or badly) they get along given a backdrop of widespread disagreements and divergent policies over global trade and geopolitics. Prime Minister Boris Johnson will be in the spotlight as the meeting in Biarritz will be the first he has attended since becoming the U.K.’s leader in July. He will also find himself meeting President Donald Trump, one of the mos


When some of the world’s most powerful leaders meet in France this weekend for the Group of Seven (G-7) summit, the focus will be on how well (or badly) they get along given a backdrop of widespread disagreements and divergent policies over global trade and geopolitics. Prime Minister Boris Johnson will be in the spotlight as the meeting in Biarritz will be the first he has attended since becoming the U.K.’s leader in July. He will also find himself meeting President Donald Trump, one of the mos
Stuck between EU leaders and Trump, Boris Johnson could have a very awkward G-7 summit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: holly ellyatt
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Stuck between EU leaders and Trump, Boris Johnson could have a very awkward G-7 summit

When some of the world’s most powerful leaders meet in France this weekend for the Group of Seven (G-7) summit, the focus will be on how well (or badly) they get along given a backdrop of widespread disagreements and divergent policies over global trade and geopolitics.

Prime Minister Boris Johnson will be in the spotlight as the meeting in Biarritz will be the first he has attended since becoming the U.K.’s leader in July. The summit comes at a delicate and uncertain time for the U.K. as its relationship with its closest neighbor Europe undergoes a seismic shift with Brexit, and it looks to the U.S for closer trade ties.

At the G-7, Johnson will find himself face-to-face with the leaders of France, Germany and Italy who, along with the rest of the other 27-countries in the EU, have essentially told him that the Brexit deal he inherited from his predecessor Theresa May is the only one on offer and cannot be changed.

He will also find himself meeting President Donald Trump, one of the most contentious leaders to represent the U.S. at the G-7 in years, to discuss a potential post-Brexit trade deal.

In sum, the U.K. finds itself in a tricky position — at the same time that it is trying to court EU leaders before a October 31 deadline for Brexit, it is trying to woo Trump — not the most popular person in Europe right now.

Trump has signaled that Europe could be the next target when it comes to what he sees as unfair global trade practices against the U.S. In May, he accused the EU of treating the U.S. “worse than China” and he has threatened its car industry with a 25% tariff.

So low are expectations of any substantial agreements between the leaders of the U.S., U.K., Canada, France, Germany, Italy and Japan that the French President Emmanuel Macron, hosting the event, has said there will be no final communique on shared commitments that might have been arrived at the summit.


Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: holly ellyatt
Keywords: news, cnbc, companies, eu, boris, trump, uk, stuck, leaders, g7, awkward, brexit, summit, trying, trade, france, europe, johnson


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