US isolated as G7 ministerial draws to a close 0 SHARES Share it! No joint final statement emerged from the G7 ministerial meeting, a sign of the strong discord as the world’s major economies verged on open trade conflict. Trump’s tariffs on America’s largest foreign providers of the crucial metals upended the agenda for this normally convivial event for consensus-building among countries that account for about half of global GDP. G7 governments were also digesting Trump’s threats to impose tariffs on hundreds of billions of dollars in US auto imports on purported national security grounds. The talks come despite Washington’s apparent announcement last month of a truce with Beijing following talks in Washington last month.

Source: Manila Bulletin June 02, 2018 19:52 UTC