G7 Summit Ends in Insults And Injury to Global Trade, Western Alliance
June 10, 2018--Just hours after appearing to sign a G7 Joint Communique with the heads of state of six leading Western democracies on Saturday, U.S. President Donald Trump reversed course by posting on Twitter that he would not endorse the statement.
It was a significant setback for relations among the Western democracies, which have struggled to find a common voice since President Trump threatened to raise trade tariffs on its top trading partners.
The Communiqué
The 28-point statement includes language on "free, fair and mutually beneficial trade and investment," "a rules-based international trading system," and opposition to protectionism. It also declares joint opposition to tax evasion and shared support for education and equal opportunity to take part in the global econo...