Photo: Jacquelyn Martin, STF / Associated Press
Trump floats end to all tariffs, threatens major penalties for countries that don’t agree
QUEBEC CITY – President Donald Trump told foreign leaders at the Group of Seven summit that they must dramatically reduce trade barriers with the United States or they would risk losing access to the world’s largest economy, delivering his most defiant trade threat yet to his counterparts from around the globe.
Trump, in a news conference before leaving for Singapore, described private conversations he held over two days with the leaders of Britain, France, Germany, Italy, Japan and Canada. He said he pushed them to consider removing every single tariff or trade barrier on American goods, and in return he would do the same. But if steps aren’t taken, he said, the penalties would be severe.
“We’re the piggy bank that everybody is robbing,” Trump said. “And that ends.”