The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.
The summit in France comes amid fears over a global economic slowdown, and U.S. tensions with allies over trade, Iran and Russia.
British Prime Minister Boris Johnson told reporters upon his arrival in France that he plans to tell Trump at the summit to pull back from the trade war with China. Trump said Friday he will raise existing duties on $250 billion in Chinese products to 30% from 25% on Oct. 1. Additionally, tariffs on another $300 billion in Chinese goods, which start to take effect on Sept. 1, will now be 15% instead of 10%.
"Dealing with the European Union is very difficult; they drive a high bargain," Trump said. "We have all the cards in this country because all we have to do is tax their cars and they'd give us anything we wanted because they send millions of Mercedes over. They send millions of BMWs over." "I am very worried about the way it's going, the growth of protectionism, of tariffs that we're seeing," Johnson told reporters on the tarmac.Macron, who will host the summit, said they were discussing world crises, including Libya, Iran and Russia, as well as trade policy and climate change."So far, so good," Trump said. "The weather is fantastic. Everybody's getting along. I think we will accomplish a lot this weekend.
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