What really happened at the G7 Summit.


“International cooperation cannot be dictated by fits of anger and throwaway remarks,” President Emmanuel Macron’s office said in a statement to AFP.

German Chancellor Angela Merkel says she finds President Donald Trump’s tweet disavowing a common statement after the Group of Seven summit in Canada “sobering” and “a little depressing.”

In an interview Sunday on German public television, Merkel also says European leaders won’t be “taken advantage of” on trade.

Trudeau had said Canadians “are polite, we’re reasonable, but also we will not be pushed around.”

Why exactly is it that Germany, France and Canada had these things to say? The answer is painfully simple. Germany, France and Canada are failed socialist states propped up by massive trade imbalance with the United States. Trump basically told them, “This is over” and like heroin addicts suddenly facing the threat of having their heroin supply cut off, the leaders of Germany, France and Canada reacted angrily.

Germany, France, Canada and China have all been putting their thumb very heavily on the “Fair Trade” scales for decades and Trump came to the G7 Summit and told them in no uncertain terms. Either take your thumbs off the scales, or the US will reciprocate in equal measure.

Germany, France and Canada told Trump, but we have always had our thumb on the scale, it’s our right to have our thumb on the scale. Trump told them, No, no it is not and it ends now. If you do not take your thumb off the scale, we will match every single one of your tariffs with equal tariffs of our own.

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