Trump satisfied with G7 defence of free trade agreement

29 May, 2017, 11:53 | Author: Essie Rivera
  • Trump satisfied with G7 defence of free trade agreement

Five stops in nine days- President Trump is headed back to the U.S.

"The president does not like having large trade deficits", top economic adviser Gary Cohn said at a news conference at the close of the summit.

"The US is now paying much more than any other nation and that is not fair to the United States or the United States taxpayer".

Trump took to Twitter on Friday to say that the trip has been "very successful" and that the United States has made and saved "billions of dollars and millions of jobs". "Money is starting to pour in", Trump said, echoing a tweet earlier Saturday on the subject.

Finally, at the G-7 meeting of the world's largest democratically run economies, Trump would not commit to honor the United States' participation in the 2015 agreement to reduce carbon dioxide emissions to slow climate change, which the other six nations badly wanted the world's largest economy to remain part of.

The U.S. leader said he believes both Netanyahu and Abbas sincerely wanted peace in the troubled region. He said in a speech in Saudi Arabia that "we signed historic agreements with the Kingdom that will invest nearly $400 billion in our two countries and create many thousands of jobs in America and Saudi Arabia", the Washington Post reports.

Trump also railed against Germany while overseas, denouncing on Friday the country's trade surplus with the US and promising to end it.

Trump has resisted pressure from European leaders to stay in the landmark accord.

Trump satisfied with G7 defence of free trade agreement
Trump satisfied with G7 defence of free trade agreement

The president then tweeted, "Many NATO countries have agreed to step up payments considerably, as they should". Only five of NATO's 28 members meet the target: Britain, Estonia, debt-laden Greece, Poland and the United States, which spends more on defense than all the other allies combined.

Trump is seated between Beji Caid Essebsi, president of Tunisia, and Mahamadou Issoufou, the president of Niger, for his first meeting of the day.

He was also spotted chatting with German Chancellor Angela Merkel before the session began.

Trump is set to engage in discussions about the global economy and climate.

Just before departing for Washington, D.C., Trump will speak to American and allied servicemen and their families, recapping highlights and accomplishments of the trip.

The most critical words were reserved for Trump's appearance at North Atlantic Treaty Organisation headquarters in Brussels, which was described as a "disaster" by more than one European official.

Now that he's back in Washington, he will have to confront the latest developments in the federal investigation into members of his campaign's potential collusion with Russian officials during the 2016 election.

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