Official White House Photo by Shealah Craighead
President Trump has make it clear that America will no longer be “a bank” for G-7 countries.
While Trump has hit Canada the hardest with increased steel tariffs, he has targeted only $3.5 billion of China’s goods — less than half that of the EU.
The Trump administration is sending a message to long-standing allies that business as usual is over.
Trump is targeting allies for punishment because he is trying to rupture their mindset that the United States values the G-7 order more than it does boosting net exports.
“Just another #G7 where other countries expect America will always be their bank,” tweeted US National Security Advisor John Bolton on June 9, following the unprecedented failure of the rich-nation summit to produce a joint communique. “The President made it clear today. No more.”See the rest of the story at Business Insider
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