Loonie slumps after G7 summit as Trump launches verbal attack on Trudeau

Summit in the Charlevoix city of La Malbaie Quebec Canada

Image The G7 leaders have agreed to thwart foreign meddling in elections

In a series of angry tweets, Trump called Trudeau "very dishonest and weak" and said the U.S. won't be taken advantage of.

President Trump and North Korean leader Kim Jong-un have arrived in Singapore, ahead of Tuesday's summit, slated to be the first-ever meeting between an American president and a North Korean leader.

He said of his decision to impose new tariffs, "I have made it very clear to the president that it is not something we relish doing".

Despite his conservative rivals snapping at his heels in polls, Trudeau has seen Canadian politicians from across the spectrum close ranks around him after Trump threatened to slap tariffs on the automobile sector, which would mark a dramatic escalation in the trade spat.

Canadian Foreign Minister Chrystia Freeland responded to the White House comments by saying that Canada will retaliate to US tariffs in a measured and reciprocal way and that Canada will always be willing to talk.

"There's a special place in hell for any foreign leader that engages in bad faith diplomacy with President Donald J. Trump and then tries to stab him in the back on the way out the door", Trump trade adviser Peter Navarro said in an interview nationally broadcast in the United States.

June 10 - Trump's economic advisor Larry Kudlow tells CNN that Trudeau "stabbed us in the back". "Kim must not see weakness".

In one behind-the-scenes account from the G7, a French presidential official described an "extraordinary" session in which leaders surrounded Trump and showered him with data one after the other in an attempt to sway him to drop USA tariffs.

And the young Canadian leader, who has attempted to maintain a public facade of friendship with the USA leader, confirmed that he would regretfully impose retaliatory tariffs on US goods from next month to offset the steel levy.

Trump was infuriated by the news conference and abruptly withdrew USA support for the summit's relatively anodine closing statement, a boilerplate invocation of the importance of multilateral trade rules. "The prime minister said nothing he hasn't said before - both in public, and in private conversations with the president".

- Following Trump's departure from the G7 summit, Trudeau says in a press conference that he told the USA president that his steel and aluminum tariffs were "kind of insulting", that Canada "will not be pushed around" and that it would not hesitate to impose retaliatory measures.

He then got on Twitter and attacked Justin Trudeau as being meek and mild and someone who's taking advantage of the United States.

In an interview, Bruce Heyman, who served as US ambassador to Canada during the Obama administration, said Trudeau's charm offensive seems to be yielding results among Republicans, but not enough who are up for re-election.

But before the group could sign off on a joint statement of agreement on trade talks, Trump's advisers reportedly insisted that the USA would not agree to two key points in the statement related to the environment.

"To our allies: bipartisan majorities of Americans remain pro-free trade, pro-globalization & supportive of alliances based on 70 years of shared values", McCain wrote. The prime minister had played down divisions between the United States and the six other members of the G-7. Minimum is 17B. Tax Dairy from us at 270%.

The President ripped Trudeau on twitter over his "false statements" to the press; adding that he instructed his administration "not to endorse" a joint statement from the G7 countries following the contentious summit. And we should always be looking for better deals for our workers, consumers and manufacturers in our trade deals. If Trump can turn his sputtering rage on Canada - Canada! - what is to stop him from returning to his Little Rocket Man taunts and tearing up whatever agreement may come this week after he's collected his Nobel Peace Prize and John Bolton is spoiling for war?

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