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Photo: Ludovic Marin/AFP/Getty Images

Canadian Prime Minister Justin Trudeau and French President Emmanuel Macron took turns criticizing President Trump's recent moves on trade and the Iran deal and his rejection of a multilateral foreign policy in a joint press conference Thursday ahead of the G7, which starts tomorrow in Canada — much to Trump's reported displeasure.

The big picture: Macron, who not long ago was reveling in his position as Trump's favored international partner, was more willing to go to bat against him. "I believe in multilateral cooperation. This allows us to fight hegemony," he said. "Perhaps President Trump doesn't mind that he's being isolated today, but these six countries have shared values, we represent an economic market that has the strength of history behind it and also represents true international strength today."

On tariffs
  • Macron: "We can show the U.S. president that his unacceptable actions are hurting his own citizens. American jobs are on the line because of his actions."
  • Trudeau: "This is ridiculous to think they could be a threat to national security. In fact, we are the closest friends the United States has had in quite some time."
On dealing with Trump
  • Macron: "Sometimes I've been criticized for being too friendly with President Trump. There is a friendship between our two peoples and we have to maintain these ties. Secondly, I have repeatedly tried to convince President Trump on the climate side, on Iran, on trade. I am not President Trump, so I can't make decisions for him. Can I be criticized for the decisions of another leader? No! They could have criticized me for not standing up to him, for not trying to convince him. ... I think we've done everything we can, and put everything on the line."
  • Trudeau: "We know that President Trump likes to be unpredictable, but everything suggests he will be at the summit."
On the Iran deal
  • Macron: "You’re not comfortable with an agreement signed by your predecessor, maybe just because it was signed by your predecessor, but don’t stop others from respecting it and don’t push Iran to leave, because that’s the best protection we have today."
On multilateralism
  • Macron: "The United States is of course a strong economic power, but of course if they become more isolationist they become further from its own history, its own values. As a leader, if it decides to withdraw it will be bad for the United States, it would be bad for its image...it would be bad for its citizens as well, I think President Trump knows that."
  • Macron: "When you're saying that President Trump doesn't really care, maybe you're right, but no one lives forever. Our countries and the commitments we make will extend beyond our lives. There is a continuity on the international level."

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Go deeper

46 mins ago - Sports

China pulls Celtics games after Enes Kanter criticizes Xi Jinping

Celtics center Enes Kanter. Photo: Jim Michaud/MediaNews Group/Boston Herald via Getty Images

China will no longer stream Boston Celtics games after center Enes Kanter called Chinese President Xi Jinping a "brutal dictator" in a social media post over the Chinese government's repressive policies in Tibet, according to the New York Times.

Why it matters: Kanter's criticism of Beijing has sparked another round of trouble for the NBA in China, one of its largest and most restrictive markets.

Dan Primack, author of Pro Rata
2 hours ago - Politics & Policy

Trump's new venture could be peak SPAC

Illustration: Sarah Grillo/Axios

Former President Trump last night announced plans to launch a digital media network called "Truth Social," and said it would go public via a SPAC called Digital World Acquisition (Nasdaq: DWAC).

What to know: So far, this is a joke. The press release didn't contain even basic information, such as the new company's CEO. In fact, the only execs mentioned are Trump (as chairman) and veteran TV producer Scott St. John as head of a subscription streaming service.

Ben Geman, author of Generate
2 hours ago - Economy & Business

Tesla is outrunning the supply chain crunch

Expand chart
Data: FactSet and company release; Chart: Will Chase/Axios

Tesla, citing a "structural shift" in demand for electric vehicles, reported its highest-ever quarterly profit of $1.6 billion and $13.8 billion in revenues despite supply chain problems.

The big picture: The company's third-quarter report says the chip shortage, port congestion and other woes have affected its factories but argues that "flexibility" and "ingenuity" are a counterweight.