Jun 3, 2018

G7 nations lambast the White House for undermining open trade

Canadian Prime Minister Justin Trudeau. Photo: David L. Ryan/The Boston Globe via Getty Images

President Trump's announcement that the U.S. is slapping new tariffs on its neighbors and confidants, is driving a wedge between the U.S. and its closest allies, with finance ministers of G7 nations lambasting the White House for undermining open trade, per the AP.

The big picture: Trump's trade war is extending far beyond China. Last week, the administration announced a decision to impose a 25% percent tariff on steel and a 10 percent tariff on aluminum from the European Union, Canada and Mexico.

The latest: Canadian Prime Minister Justin Trudeau told NBC’s “Meet the Press” on Sunday that Trump slapping new tariffs on Canada was "insulting and unacceptable."

The idea that we are somehow a national security threat to the United States is quite frankly insulting and unacceptable.

Yes, but: White House economic adviser Larry Kudlow on "Fox News Sunday" brushed aside Trudeau's concerns, saying that the prime minister is "overreacting" to the new tariffs. "I don’t think our tariffs are anything to do with our friendship and longstanding alliance with Canada," Kudlow said.

What others are saying: The G7 ministers said the Trump administration must abandon the proposed tariffs ahead of next week's summit with leaders. They also urged Treasury Secretary Steven Mnuchin to acknowledge their concerns in his address before them, per the AP.

  • Bruno Le Maire, France’s finance and economy minister, said it's up to the U.S. to rebuild confidence among G7 members and to avoid any escalation or further fallout.

Go deeper: What happened with Trump's latest trade moves

Go deeper

Tariff worries hit record high amid coronavirus outbreak

Data: CivicScience, margin of error ±1 percentage points; Chart: Axios Visuals

Concern about President Trump's tariffs on U.S imports grew to record high levels among Americans last month, particularly as more lost their jobs and concern about the novel coronavirus increased.

Driving the news: About seven in 10 people said they were at least somewhat concerned about tariffs in March, according to the latest survey from CivicScience provided first to Axios.

U.S. coronavirus updates: Largest 24-hour spike in fatalities

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

New York's death toll from the novel coronavirus surged to its highest one-day total on Tuesday, as the U.S. saw its largest 24-hour spike in fatalities, per Johns Hopkins data. Recorded deaths across the U.S. surpassed 12,900 early Wednesday.

Why it matters: State officials have stressed that lockdowns must continue even if cities begin to see slight improvements from social distancing. Several hot spots, including New York, New Orleans, and Detroit, are expected to peak in the coming days.

Go deeperArrowUpdated 2 hours ago - Health

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 12:30 a.m. ET: 1,430,453 — Total deaths: 82,133 — Total recoveries: 301,385Map.
  2. U.S.: Total confirmed cases as of 12:30 a.m. ET: 399,081 — Total deaths: 12,907 — Total recoveries: 22,461Map.
  3. Federal government latest: Acting Navy secretary resigns over handling of virus-infected ship — Trump removes watchdog overseeing rollout of $2 trillion coronavirus bill — Trump said he "didn't see" memos from his trade adviser Peter Navarro warning that the crisis could kill more than half a million Americans.
  4. States latest: California Gov. Gavin Newsom is confident that more than 200 million masks will be delivered to the state "at a monthly basis starting in the next few weeks."
  5. Business latest: America's food heroes in times of the coronavirus crisis. Even when the economy comes back to life, huge questions for airlines will remain.
  6. World updates: China reopens Wuhan after 10-week coronavirus lockdown.
  7. 2020 latest: Polls for Wisconsin's primary elections closed at 9 p.m. ET Tuesday, but results won't be released until April 13. Thousands of residents cast ballots in person.
  8. 1 Olympics thing: About 6,500 athletes who qualified for the Tokyo Games will keep their spots in 2021.
  9. What should I do? Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  10. Other resources: CDC on how to avoid the virus, what to do if you get it.

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