Japan PM and President Trump meet on sidelines of G7 amid tariff concerns
KANANASKIS, Alberta, June 16 (Reuters) - Japan's Prime Minister Shigeru Ishiba met with U.S. President Donald Trump on the sidelines of the Group of Seven meeting in Canada on Monday as Tokyo urges Washington to drop import auto tariffs that threaten to slow Japan's economy, the Japanese government said.
Ishiba wants Trump to end the 25% auto tariff he imposed on Japanese cars and a 24% reciprocal tariff paused until July 9.
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The Guardian
13 minutes ago
- The Guardian
Trump to leave G7 summit early over escalating Israel-Iran conflict
Donald Trump will return early to Washington on Monday from the G7 summit because of events escalating in the Middle East, US officials said, as the conflict between Israel and Iran continued to intensify. The White House press secretary Karoline Leavitt said that Trump would participate in the G7 family photo and would dine with leaders at the summit in Alberta, Canada, before travelling back a day ahead of schedule. Trump's abrupt change in plans comes after a series of developments in the Israel-Iran conflict and a Truth Social post by the president warning residents in Iran's capital of Tehran to immediately evacuate. The ominous warning from Trump followed an evacuation order issued earlier in the day by Israeli forces telling residents in large parts of Tehran to evacuate ahead of imminent bombing of 'military infrastructure'. Trump's early departure is a blow to G7 organizers who had sought to discuss the conflict in the Middle East and were hoping for the US to be a signatory to a statement calling on both sides to de-escalate. A draft of the statement said Iran can never possess a nuclear weapon, Israel has a right to defend itself and Iran's nuclear weapons program is subject to a negotiated deal, according to a person familiar with the matter. 'AMERICA FIRST means many GREAT things, including the fact that, IRAN CAN NOT HAVE A NUCLEAR WEAPON. MAKE AMERICA GREAT AGAIN!!!' Trump said in a post after his schedule change was announced. The rapid succession of events raised concerns in Washington about the possibility of the US becoming dragged into the conflict or its potential to trigger a broader war in the region. Israel's bombing runs started with attacks on air defenses, nuclear sites and the military chain of command. But four days into the campaign, it appears to have drifted into war of attrition. And in another ominous escalation on Monday, the Israeli prime minister, Benjamin Netanyahu, also said that killing Iran's supreme leader, Ayatollah Ali Hosseini Khamenei, would 'end the conflict'. After the surprise Israeli attack on Friday, Iran has carried out retaliatory missile strikes on Israeli cities, focusing on the most populated areas between Tel Aviv and the port of Haifa, and threatened to leave the nuclear non-proliferation treaty. The US has not been directly involved in the conflict but, also on Monday, the USS Nimitz aircraft carrier strike group was rerouted from the South China Sea to the Middle East, a move that put two US carriers in the region. The Nimitz is likely to reach the Middle East later this week and join the USS Carl Vinson carrier strike group, a person familiar with the matter said. Two destroyers in the Mediterranean have also been moved closer to Israel in recent days to help protect US assets in the region. Dozens of air force refuelling aircraft were also deployed from the US to Europe over the weekned to support operations in the Middle East.
Reuters
14 minutes ago
- Reuters
Oil prices rise as Iran-Israel conflict fans supply worries
June 17 (Reuters) - Oil prices climbed over 2% on Tuesday as Iran-Israel tension intensified and U.S. President Donald Trump urged "everyone" to evacuate Tehran, increasing the prospect of deepening unrest in the region and disruption to oil supply. The Brent crude futures contract was up $1.17, or 1.6%, at $74.4 a barrel as at 0005 GMT and U.S. West Texas Intermediate crude was up $1.34, or 1.87%, at $73.11 - both having risen more than 2% earlier in the trading session. Both contracts settled more than 1% lower on Monday on hope of easing geopolitical tension after media reports of Iran seeking an end to hostilities. However, the conflict took a turn for the worse on its fifth day on Tuesday as Iranian media reported explosions and heavy air defence fire in the capital Tehran. Over in Israel, air raid sirens sounded in Tel Aviv in response to Iranian missiles. Iran is the third-largest producer among members of the Organization of the Petroleum Exporting Countries. Hostilities could disrupt its supply of oil and thereby increase prices. On Monday, an Israeli strike hit Iran's state broadcaster and the head of the U.N. nuclear watchdog also indicated extensive damage to Iran's biggest uranium enrichment plant. Trump said Iran should have signed a nuclear deal with the U.S. before Israeli strikes began and that he believes Iran now wants to reach an agreement. Easing of U.S. sanctions as part of any deal would allow Iran to export more oil, weighing on global crude prices. Elsewhere, OPEC and allies including Russia - or OPEC+, which pumps about half of the world's oil - said on Monday it expected the global economy to remain resilient in the second half of the year. It also trimmed its forecast for growth in oil supply from the U.S. and other non-OPEC+ countries in 2026.
The Independent
16 minutes ago
- The Independent
At least 20 wounded in Russian drone and missile attack on Kyiv
A combined Russian and missile attack in Kyiv overnight Tuesday left at least 20 people wounded, according to Ukrainian officials. The attack, the latest in a spate of mass drone and missile attacks on Kyiv, occurred as world leaders convened at the Group of Seven meeting in Canada, which Ukrainian President Volodymyr Zelenskyy is expected to attend. The summit runs through Tuesday. Kyiv's Mayor Vitalii Klitschko said nine people were wounded in the city's Sviatoshynskyi district and 11 more in the Solomianskyi district. The mayor said six people were hospitalized. Fires broke out in two other Kyiv districts as a result of falling debris from shot down Ukrainian air defenses. Canada, which assumed the presidency of the G7 this year, invited Zelenskyy to the summit, where he is expected to hold one-on-one meetings with world leaders. Zelenskyy was set to meet with U.S. President Donald Trump in Canada on Tuesday, though the White House announced Trump would be returning early to Washington because of tensions in the Mideast. Russia has launched a record number of drones and missiles in recent weeks. Moscow escalated attacks after Ukraine's Security Service agency staged an audacious operation targeting war planes in air bases deep inside Russian territory. Little progress has emerged from direct peace talks held in Istanbul, with the exception of prisoner exchanges, expected to conclude next week, said Zelenskyy.
