Trump calls for G-7 countries to drop all tariffs, subsidies

Sunday, June 10, 2018 | Tag Cloud Tags: , , , , , , , ,

(Worthy News) - President Trump proposed a major shakeup of the world’s economic order during a summit in Canada this week, suggesting the world’s big economies drop all tariffs and market-distorting subsidies and go to a fully free system of trade.

He said Saturday that he’s also considering scrapping the North American Free Trade Agreement in favor of bilateral trade deals with Canada and Mexico individually.

The announcements come as Mr. Trump seeks to make headway on the deep U.S. trade deficit, saying the country has been taken advantage of for too long, and he is fighting back. He delivered that message personally during meetings with other leaders of the Group of Seven major economies, which took place in Canada on Friday and Saturday. [ Source: Washington Times (Read More...) ]

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