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U.S.Iisolated at G7 Meeting Over Tariffs: French Minister

Reuters

U.S. Treasury Secretary Steven Mnuchin is isolated at a G7 finance ministers meeting in Canada due to Washington’s new trade tariffs on its allies, French Finance Minister Bruno Le Maire said on Friday, Reuters reports.

Le Maire said he would tell Mnuchin the U.S. decision to impose tariffs on European Union steel and aluminum was “legally unacceptable, politically unfair and economically dangerous”.

“Unfortunately we are going to have a G6 plus one with the United States alone against everyone and running the risk of economic destabilization,” Le Maire told reporters.

The United States on Thursday said it was moving ahead to impose tariffs of 25 percent on steel imports and 10 percent on aluminum imports from the EU, Canada and Mexico, ending months of uncertainty about potential exemptions.


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