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U.S., EU agree to start technical talks on trade after G7 summit standoff

Reuters  |  LA MALBAIE, Quebec 

By and Roberta Rampton

LA MALBAIE, (Reuters) - The and will establish a dialogue on trade within the next two weeks, a French said on Friday, at the end of a fractious session that had threatened to rupture the rich nations alliance.

U.S. trading partners have been furious over Trump's decision last week to impose import tariffs on and aluminium imports from Canada, the and as part of his "America First" agenda. Some countries have retaliated with their own levies on U.S. imports.

U.S. had countered a slew of data on imports and exports from U.S. allies on Friday with his own different numbers, holding firm to his position that the was at a disadvantage on international trade, an who followed the talks said.

But, after a meeting with French Emmanuel Macron, Trump struck a more affable tone and said the French leader was helping work out trade issues.

"Something's going to happen. I think it will be very positive," Trump said, without giving details.

Macron said it was possible to make progress on the trade issues that have split the U.S. and its allies after meeting with Trump.

"I think on trade there is path, but there is a way to progress all together," he told reporters.

(Reporting by and Andreas Rinke; additional reporting by and in Washington and Vey, Giselda Vagnoni, William James, Roberta Rampton, Jan Strupczewski, Will James, Andrea Hopkins and David Ljunggren in La Malbaie, Quebec; Writing by and Amran Abocar; Editing by and Grant McCool)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Sat, June 09 2018. 06:03 IST
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