In bombshell, Trump says U.S. backs out of G7 communique, criticizes Trudeau

[Opl]

40 minutes ago, lannarebirth said:

 

Yeah, China's everyone's trusted partner of choice:

 

http://www.businessinsider.com/how-china-propaganda-department-glosses-over-human-rights-2018-6

 

http://www.businessinsider.com/chinese-hackers-reportedly-stole-a-bunch-of-us-undersea-warfare-data-2018-6

 

https://www.washingtonpost.com/news/global-opinions/wp/2018/01/19/chinas-thought-police-are-extending-their-reach/?noredirect=on&utm_term=.3403f344e1e1

 

You people have lost all perspective.

Trump Strikes Deal to Save China’s ZTE as North Korea Meeting Looms "The deal will help defuse tensions with the Chinese president, Xi Jinping, who personally asked Mr. Trump to intervene to save ZTE and whom the president has relied on to help pave the way for next week’s summit meeting with the North Korean leader."

https://www.nytimes.com/2018/06/07/business/us-china-zte-deal.html

 

China tries to enlist European allies in Trump's trade war "While Beijing is courting the European Union for support in a trade war, European officials are sounding the alarm on China's ambitions in their countries. The bottom line: The trade and investment relationship between China and the EU is strong enough that China can survive loss of access to the U.S. market if the EU remains open for business, Huang says."

https://www.axios.com/china-european-union-belt-and-road-initiative-trade-war-a3c85e28-c1fc-4e11-a299-e5446b54ec89.html

 

Scoop: Trump tells Macron the EU is "worse" than China "What happened: In their bilateral meeting in the White House's Cabinet Room, on April 24, Macron said to Trump, "Let’s work together, we both have a China problem," according to a source in the room. The source said Trump responded that the European Union is "worse than China."

https://www.axios.com/donald-trump-emmanuel-macron-eu-worse-than-china-trade-tariffs-57f53e00-8b5c-4931-9d05-97ee0b510fd5.html

 

" "International cooperation can't depend on anger and small words. Let's be serious and worthy of our people. We spent two days obtaining a draft and commitments. We stick to it. And anyone who leaves and turns their back on them shows their inconsistency." French President Emmanuel Macron

 

https://www.axios.com/reactions-trump-trudeau-g7-spat-tariffs-canada-us-ccaeb5d5-5921-48e2-b0e7-0fc6b9ba58c8.html

 

 

 

Edited June 10, 2018 by Opl

[MrMuddle]

What really happened, when the G7 met...

[neeray]

2 minutes ago, MrMuddle said:

What really happened, when the G7 met...

LOVE IT. Totally love it. Thanks for the LOL.

[lannarebirth]

38 minutes ago, heybruce said:

So by pissing off Canada and our European trade partners and allies, we're somehow getting China to behave?  Please explain how that works.

I'm not endorsing pissing off anyone. I was merely responding to the nonsensical idea that China was a more trustworthy partner than the US. It shows a great lack of perspective IMO.

[simple1]

3 hours ago, riclag said:

The fact is plain and simple the past POTUS were stuck on the WTO and their global dictatorship.

Finally someone comes by and says enough,fair is fair. A new day for American's.China ,Germany and Putin can take the helm now.Good luck

Nonsense. US and EU have access to a dispute process via WTO, though rather lengthy it does enable Rule of Law. Trump's current attitude is throwing out the baby with the bath water. You  believe it will benefit the US to revert to a nationalist isolation policy, if so demonstrate where such policy has been successful with consistently delivering positive economic results.

Edited June 10, 2018 by simple1

[lannarebirth]

51 minutes ago, heybruce said:

You know, eventually those dollars have to be used in the country of origin.  They can be shuffled around between other countries for a while, but if they never return to the US, then the trade surplus countries will be letting us print money, buy goods with it, then never have to worry about what they will do with the dollars.  When we want more foreign goods we can just print more money--Why should we care? Once we send the money overseas it will never come back to haunt us.

 

Of course it doesn't work that way.  The money we spend overseas can be used to buy US goods (reducing the trade deficit), invest in the US (reducing the trade deficit, but we need to be careful about who is investing, how and why) or buy US Treasuries (funding the government deficit while earning interest on the trade surplus dollars and giving the overseas holders leverage on the US government and economy). 

 

In short, the money we send overseas will eventually be used to buy US goods. invest in the US, or fund the deficit.  The first two options reduce the trade deficit.  The more we reduce the Federal deficit the more we force the trade surplus countries to the first two options.  Trump and other politicians who run up huge budget deficits and cry about the trade deficit are hypocrites or idiots, or both.

 

 

 

The $USD accounts for almost 90% of global foreign exchange trades which are in excess of 5 TRILLION DOLLARS daily. The US deficit and foreign bondholders are a drop in the bucket compared to global commerce.

[stevenl]

7 hours ago, Hummin said:

Please, did I do something mean to you? 

 

I can back up anything, but when other people know what im talking about, why bother explaining to you? 

 

What is your problem? 

You made a claim, I asked you to explain why you reached thus conclusion. Only hollow phrases since.

[tonbridgebrit]

https://uk.yahoo.com/finance/news/germany-france-slam-trump-over-145005009.html

And quote from the article  "Germany and France on Sunday sharply criticised U.S. President Donald Trump's decision to abruptly withdraw his support for a Group of Seven communique, accusing him of destroying trust and acting inconsistently."

And also, "Trump's announcement on Twitter, after he left the G7 summit in Canada early, that he was backing out of the joint communique torpedoed what appeared to be a fragile consensus on a trade dispute between Washington and its top allies."


Donald Trump, there are nutcase conspiracy theories that say that you are a Putin puppet. Can you please stop acting as if the conspiracy theories might be true.

[tonbridgebrit]

2 hours ago, lannarebirth said:

I'm not endorsing pissing off anyone. I was merely responding to the nonsensical idea that China was a more trustworthy partner than the US. It shows a great lack of perspective IMO.

The stuff we're seeing is nothing to do with China. The way the White House is going, China will pretty soon be regarded as a more trustworthy partner than the US.

Washington is showing that it is interested in fighting a trade war against Europe. Beijing is not interested in a trade war against Europe.



And it seems absurd that Washington really is aiming at Canada and Mexico in a trade war. Again, Beijing is not interested in a trade war with Canada or Mexico.
Canada and Mexico might, just might, start drifting towards China and, away from America. This would have been unthinkable when Obama was in charge. With the White House in chaos right now, well, it might happen.

[mtls2005]

A couple of great tweets from GOP strategist Steve Schmidt...

 

"TRUMP disgraced the Presidency and the United States at the G-7 summit. From his slovenly appearance to his unpreparedness, ignorance  and arrogance, he beclowned himself. The Republican majority is filled with cowards who are servile supplicants to the most unfit POTUS ever"

 

 

"I think it’s time we give Vladimir Putin his due. He is clearly the greatest intelligence agent —ever .  He has engineered the unraveling of the western alliance, fidelity to democracy in the United States and the severing of the UK from the EU.  It’s a remarkable achievement"

[Hummin]

2 hours ago, stevenl said:

You made a claim, I asked you to explain why you reached thus conclusion. Only hollow phrases since.

Maybe you can tell us why we do not need Usa, because I cant see you did anything else than aks a simple question, except making short statements about my hallow posts. Stalking at its best if you ask me! 

[FritsSikkink]

What about refuse dollars for oil payment, the dollar will make a huge dive, US products become very cheap and we will buy them.

[wayned]

On 6/10/2018 at 8:43 AM, Chomper Higgot said:

If this is the condition he’s in when he arrives in Singapore Kim will walk all over him.

Rumor has it he is complaining that the air stairs used on the flight that Kim came on had a red carpet and the air stairs used for him to walk down was just a "truck mounted piece of crap with no red carpet"!

[ChidlomDweller]

5 hours ago, riclag said:

The fact is plain and simple the past POTUS were stuck on the WTO and their global dictatorship.

Finally someone comes by and says enough,fair is fair. A new day for American's.China ,Germany and Putin can take the helm now.Good luck

What complete hogwash, but why waste 15 minutes looking up some factual information on this dispute when ignorance feels this good?  Who do you think designed the international trading system, and was that all altruism?  

[ChidlomDweller]

3 hours ago, lannarebirth said:

 

The $USD accounts for almost 90% of global foreign exchange trades which are in excess of 5 TRILLION DOLLARS daily. The US deficit and foreign bondholders are a drop in the bucket compared to global commerce.

You're making it sound like the US can print $5 trillion each day without consequences.  Being the default currency has big advantages, but it's not like that 5 trillion disappears every day.  The US national debt is 21+ trillion dollars right now, so how is that a drop in the bucket?

[Opl]

https://www.express.co.uk/news/world/972168/trump-putin-twitter-guy-verhofstadt-eu-g7-summit

[lannarebirth]

12 minutes ago, ChidlomDweller said:

You're making it sound like the US can print $5 trillion each day without consequences.  Being the default currency has big advantages, but it's not like that 5 trillion disappears every day.  The US national debt is 21+ trillion dollars right now, so how is that a drop in the bucket?

 

The debt is not a drop in the bucket. It's horrible. It is a drop in the bucket compared to the amount of USD's traded though. The poster was making the point that that money has to return to the US in some fashion and that the size of the debt made that difficult. First of all it doesn't have to return to the US and second of all, USD monies far in excess of offshore held debt are being exchanged every week. It is the most fungible currency on Earth and it can be converted to almost anything.

[ChidlomDweller]

Just now, Opl said:

https://www.express.co.uk/news/world/972168/trump-putin-twitter-guy-verhofstadt-eu-g7-summit

That's the best one yet. ?

 

Being Belgian, I always thought Verhofstadt was a bit of a pretentious windbag, but the past few years he's grown on me.  There was also the great putdown of Farage (something like "finally we can cut from the EU budget its biggest waste, Mr Farage's salary.")

[Grouse]

Sorry, late on parade. This meme has already been posted. However, it is appropriate, I'll leave it ?

Edited June 11, 2018 by Grouse

[ChidlomDweller]

18 minutes ago, lannarebirth said:

 

The debt is not a drop in the bucket. It's horrible. It is a drop in the bucket compared to the amount of USD's traded though. The poster was making the point that that money has to return to the US in some fashion and that the size of the debt made that difficult. First of all it doesn't have to return to the US and second of all, USD monies far in excess of offshore held debt are being exchanged every week. It is the most fungible currency on Earth and it can be converted to almost anything.

Yes, but those 5 trillion (or whatever it is) can be reused, so it's a one-off benefit (i.e., license to print money), unless international trade is growing or dollars get a bigger share of payments.

Edited June 11, 2018 by ChidlomDweller

[lannarebirth]

4 minutes ago, ChidlomDweller said:

Yes, but those 5 trillion (or whatever it is) can be reused, so it's not a one-off thing, unless international trade is growing or dollars get a bigger share of payments.

Right.

[riclag]

4 hours ago, simple1 said:

Nonsense. US and EU have access to a dispute process via WTO, though rather lengthy it does enable Rule of Law. Trump's current attitude is throwing out the baby with the bath water. You  believe it will benefit the US to revert to a nationalist isolation policy, if so demonstrate where such policy has been successful with consistently delivering positive economic results. 

China has become a particular target for U.S. policymakers, who have increasingly used the WTO process to challenge Chinese government support for domestic industries, restrictions on imports, abuse of intellectual property, and other state-led trade policies. Between 2009 and 2017, the Obama administration brought twenty-five cases to the WTO, more than any other country in that period, and sixteen of those targeted China. The administration won seven of its WTO cases against China, including limits on Chinese agriculture and aircraft subsidies and steel import duties; the others are ongoing".

You think everything goes according to the book! Guess again!

https://www.cfr.org/backgrounder/whats-next-wto

 

Edited June 11, 2018 by riclag

[DM07]

Do it!

I dare you, you orange idiot!

Just do it!

Executive order or whatever you dream up...just do it!

I am quiet sure, the G6 will be better without you and your friend Vlad!

[riclag]

1 hour ago, ChidlomDweller said:

What complete hogwash, but why waste 15 minutes looking up some factual information on this dispute when ignorance feels this good?  Who do you think designed the international trading system, and was that all altruism?  

" China has become a particular target for U.S. policymakers, who have increasingly used the WTO process to challenge Chinese government support for domestic industries, restrictions on imports, abuse of intellectual property, and other state-led trade policies. Between 2009 and 2017, the Obama administration brought twenty-five cases to the WTO, more than any other country in that period, and sixteen of those targeted China. The administration won seven of its WTO cases against China, including limits on Chinese agriculture and aircraft subsidies and steel import duties; the others are ongoing"

 

https://www.cfr.org/backgrounder/whats-next-wto

[spidermike007]

On 6/10/2018 at 8:47 AM, ezzra said:

Yeah well, let's not forget for a moment that each person in that G7 room is there for himself and that of his country's benefits, and that's what Trump is doing albeit in your face like style.....

I do not buy it. He does not care about America. He does not care about the common American people. He might be there representing giant corporations, who's lobbyists have visited him. He has never been able to say no to a lobbyist. He cares about Don. End of story. It is all about his self glorification. And he is committing some grave errors. Errors that just might be his undoing. Trade wars do not benefit anyone. And if this really happens, it is tantamount to a TAX HIKE on the American people. Once his base realizes this, it will not go down well. He is a terrible negotiator. Other countries simply do not respond to his "raze the earth" technique. He is a bull in a china closet. I know some of you think that is a good thing. Let us wait and see. I predict that the trade war will happen, and as a result the American and world economies will suffer for it. I also predict Trump's failure with Kim. He will try to dress up the ugly dog, and portray it as a success, as usual, since he has no relationship with truth or reality. But, some things you just cannot hide, Tiny Don. 

[Grouse]

https://www.economist.com/democracy-in-america/2018/06/08/trumps-man-in-germany

 

?

 

The USA should get out of Europe; while they still can.

[BobBKK]

I don't think Trudeau did his credibility any favors waiting for Trump to take off before attacked him. He should have said it when Trump was there. Trudeau always comes across, to me, as an amateur just vying for the camera. 

[zydeco]

15 hours ago, Sir Dude said:

I'd like to see Merkel or Macron press their palms down on the table

I have seen Merkel in that pose before.

 

 

[simple1]

1 hour ago, riclag said:

China has become a particular target for U.S. policymakers, who have increasingly used the WTO process to challenge Chinese government support for domestic industries, restrictions on imports, abuse of intellectual property, and other state-led trade policies. Between 2009 and 2017, the Obama administration brought twenty-five cases to the WTO, more than any other country in that period, and sixteen of those targeted China. The administration won seven of its WTO cases against China, including limits on Chinese agriculture and aircraft subsidies and steel import duties; the others are ongoing".

You think everything goes according to the book! Guess again!

https://www.cfr.org/backgrounder/whats-next-wto

 

The topic is regards to G7, not China. FYI list of WTO disputes below...

 

https://www.wto.org/english/tratop_e/dispu_e/dispu_status_e.htm

[simple1]

1 hour ago, riclag said:

deleted duplicate post

Edited June 11, 2018 by simple1