Press "Enter" to skip to content

G7 Finance Ministers ask Trump not to impose new tariffs on steel, aluminum imports

The Finance Ministers of Group of Seven nations have urged US President Donald Trump to reverse his decision to impose new tariffs on steel and aluminium imports. The group has ended it’s annual meeting at Whistler in Canada.

US Treasury Secretary Steve Mnuchin faced sharp criticism from the Finance Ministers of other G-7 nations over the issue. The group that inculdes Canada, France, Germany, Italy, Japan, the United Kingdom, expressed unanimous concern and disappointment to the US President. United States is also a part of this group.

Canadian Finance Minister Bill Morneau said, discussions should continue at the G7 leaders’ summit beginning on Friday in Quebec. French Finance Minister Bruno Le Maire said, the participants had tense discussions, describing the meeting as far more a G6-plus-one than a G7.

Germany Finance Minister Olaf Scholz said, US tariffs were a very severe problem for transatlantic relations. After Mr Mnuchin faced criticism over the US decision, US President Donald Trump said in a tweet that Washington cannot afford to lose a trade war when it is being ripped off.

Source: AIR