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The nine leaders during the Family photo on the first day of the G7 Summit. Photo: Leon Neal/Getty Images

President Trump is in Quebec, Canada for a "skinny" version of a G7 summit with allies he has recently slapped with tariffs. What would normally be an opportunity for industrialized democracies to forge unity on key challenges, will be anything but, Richard Fontaine tells Axios.

The latest: President Trump said on Saturday morning before leaving the G7 summit that his meeting with North Korea's Kim Jong-un is "a one-time shot" for the regime's dictator.

Addressing the media just before catching his flight to Singapore, President Trump said of his G7 counterparts, the "relationships are very good," and he doesn't "blame them" for the issues with trade — "I congratulate the leaders of other countries for so crazily being able to make these trade deals that were so good for their country."

On trade: Trump said the "relationships are very good" with other foreign leaders, but that if trade isn't fixed, "we’re not going to deal with these countries.” Trump said: "we’re like the piggy bank that everybody’s robbing."

On reinstating Russia to G7, and re-forming G8: "Having Russia back in would be a positive thing," but "I'm not looking to play games."

On preparation for North Korea: Trump said "we're going in with a very positive spirit," and he'll know " very quickly I’ll know whether or not something good is going to happen

  • Earlier this morning, the president arrived nearly 20 minutes late for his first event of the day: A gender equality advisory council breakfast with fellow G7 leaders.

The big picture, per Erik Brattberg: The prospect of growing U.S. isolation has not deterred President Trump, who will likely use the summit to push his unilateral, economic nationalist trade agenda even harder.

  • The optics of doing so while simultaneously cutting a deal with ZTE, the Chinese technology giant suspected of posing a national security threat to the U.S., add to allies’ sense of victimhood.

What's next: The U.S.-North Korea summit begins in Singapore on Tuesday. Trump said on Saturday that Kim has "an opportunity, the likes of which I think almost…very few people have ever had," and that he believes the reclusive nation "will be able to be a tremendous place in a very short period of time."

Go deeper

2 hours ago - Politics & Policy

Senate Democrats target billionaires

Illustration: Annelise Capossela/Axios

After failing to get a deal on other planned tax increases, key Senate Democrats are pivoting to a billionaires' income tax to pay for President Biden's social spending.

The big picture: No advanced economy has attempted anything similar on such a scale.

Anti-abortion activists' Supreme Court dreams are coming true

Photo illustration: Annelise Capossela. Photos: Kevin Dietsch/Getty Images

This is the moment the conservative legal movement has been building toward for decades: The solidly conservative Supreme Court is about to hear two major abortion cases within a month of each other.

Why it matters: All of this is likely to end with significant new restrictions on abortion and a clear path for Republican-led states to win the next big abortion cases, too — the culmination of a long and bitter fight for control of the judiciary.

Felix Salmon, author of Capital
6 hours ago - Economy & Business

Trump's volatile return to the stock market

Expand chart
Data: YCharts; Chart: Axios Visuals 

Donald Trump this week became both a meme stock and a social-media entrepreneur at the same time, by announcing that a new company called Trump Media & Technology Group was going to merge with an existing company listed on the stock market.

Why it matters: The medium-term promise of Trump's media company is that it will replace Twitter for anybody wanting to keep track of Trump's messages. The short-term promise is that it can be a hot new speculative vehicle for people wanting to get rich quick in the stock market.

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