Trump says deal with Canada is achievable but 'we have different concepts' on trade
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BANFF, ALTA. — U.S. President Donald Trump, following his meeting with Prime Minister Mark Carney, said that he feels a trade deal with Canada could be achievable shortly, while adding that he strongly objects to the ejection of Russia from what was then the G8 and supports the addition of China to the summit.
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'I think we have different concepts,' said Trump on trade with Canada. 'I have a tariff concept. Mark (Carney) has a different concept, which is something that some people like. But we're going to see if we can get to the bottom of it today.'
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The heads of the world's seven most powerful economies are meeting amid a U.S.-led tariff war and global uncertainty over conflicts in the Middle East and Ukraine. In remarks made before the media on Monday morning, Carney wished Trump a belated happy birthday, which was Saturday. Trump also told reporters that he believes China, the world's second largest economy, should join the leaders of the seven most advanced economies in the world.
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'Well, it's not a bad idea. I don't mind that,' said Trump. 'If somebody wants to suggest China coming in, I think we — but you want to have people that you can talk to.'
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Trump also criticized the decision to eject Russia from the G8 in 2014, following that country's annexation of Crimea, and said that Vladimir Putin 'was very insulted' by the decision.
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'The G7 used to be the G8. Barack Obama and a person named Trudeau didn't want to have Russia in, and I would say that that was a mistake, because I think you wouldn't have a war right now if you had Russia in, and you wouldn't have a war right now if Trump were president four years ago,' Trump said. 'It was a mistake in that you spend so much time talking about Russia, and he's no longer at the table, so it makes life more complicated, but you wouldn't have had the war.'
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In fact, Russia's membership in the G8 was suspended in March 2014. While Obama was the American president at the time, Conservative Stephen Harper was Canada's prime minister. Months later, Harper made international headlines at the Group of 20 Summit in Australia when he admonished Putin, then Russia's president, to 'get out of Ukraine.' However, while saying booting Russia from the G8 was a mistake, Trump stopped short of saying that Putin should be invited back.
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'I'm not saying he should at this point, because too much water has gone over the dam, maybe. But it was a big mistake,' he said.
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Monday morning's meeting is the first since the two men met in Washington, D.C. in early May. Canada has been a major target of Trump's trade and rhetorical belligerence. Although Trump has largely scaled back talk of annexing Canada, making its northern neighbour the 51st state, trade troubles remain top of mind for observers and Canadian diplomats. Canada will be pushing Trump this week on lowering the 50-per-cent tariffs placed on Canadian steel and aluminum and further tariffs on foreign vehicle imports.
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Japan Forward
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an hour ago
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The next issue of Sunrise will soon be in your inbox. Please try again Interested in more newsletters? Browse here. The announcement follows several real estate deals for towers and resorts in the Middle East, including a golf development in Qatar announced in April. A $1.5 billion partnership to build golf courses, hotels and real estate projects in Vietnam was approved last month, though the deal was in the works before Trump was elected. Trump has already used the main regulatory agency that will oversee Trump Mobile in personal disputes. The Federal Communications Commission has launched investigations of media outlets Trump dislikes and, in some cases, is personally suing. And the president himself last month criticized cell phone maker Apple, now a big business rival, because it planned to make most of its U.S. iPhones in India, threatening to slap a 25% tariff on the devices. Eric Trump said that consumers deserve a phone that aligns with their values. 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The mobile service is partnering with existing cellular carriers with access to a 5G network, raising questions of how they will be treated by federal regulators now that they have partnered with his company. The Trump Organization said those companies are America's three biggest mobile network providers, an apparent reference to Verizon, AT&T and T-Mobile, the latter with a trademarked name that is very similar to Trump's T1 Mobile. The name given to the monthly service offer, The 47 Plan, and the monthly $47.45 monthly fee make reference to Trump's two terms, the 45th and the 47th. The service will include unlimited calls, texts and data and free roadside assistance and telehealth services. A mock-up of the planned phone on the company's website shows Trump's slogan 'Make America Great' on the front and an etched American flag on the back. By sticking to licensing, the Trump family is limiting its risk. 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More recently, the value of Trump condos in New York City fell in the past two years as similar properties rise in value, according to brokerage CityRealty. The Trump Organization has had more success with some ventures launched in the first few months of his second term. Trump Media & Technology Group, a Florida company that operates the Truth Social media platform, filed plans with security regulators Monday to launch an exchange-traded fund tied to the prices of two popular cryptocurrencies. The ETF is part of the Trump family's rapidly growing crypto empire, which includes a new stablecoin and launching and promoting memecoins. The president's most recent financial disclosure report reveals he made more than $57 million last year from World Liberty Financial, a crypto company he and his sons helped launch in September. ___ AP Business Writer Alan Suderman contributed to this story. 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