CANADA/EU/JAPAN/TARIFFS/TRADE DEALS/TRUMP AS PRESIDENT: “U.S. allies Canada, Japan and the European Union are banding together to increase pressure on Washington following the Trump administration’s metals tariffs as they head to a meeting of Group of Seven industrialized countries in Quebec on Friday [6-8-18]. With trade likely to dominate the agenda of the summit, the U.S. tariff move has driven a wedge between the U.S. and the other six nations, say leaders and officials, and has dashed hopes that the group would focus on a coordinated response to another longstanding trade issue: the global steel glut driven by Chinese production…Officials from some of the U.S.’s closest allies said their level of interaction and coordination on tariff retaliation is exceptional…At a meeting of G-7 finance ministers in Whistler, British Columbia, last weekend, U.S. protectionism was singled out from the other participants in a closing statement. The statement expressed the ‘unanimous concern and disappointment’ of everyone at the meeting other than the U.S., an unprecedented rebuke of one member by the others.”
-Emre Peker, Paul Vieira and Bojan Pancevski, “After Steel and Aluminum Tariffs, U.S. Allies Move to Coordinate Retaliation Efforts,” The Wall Street Journal, June 6, 2018 3:33 pm