G-7 Meeting Leaves U.S. Isolated over Metal Tariffs

   Whistler, Canada, June 2 (Jiji Press)--Most of the Group of Seven major countries expressed regrets over U.S. steel and aluminum tariffs at a meeting that ended Saturday, leaving the United States isolated in the rich countries' club.
   "Concerns were expressed that the tariffs imposed by the United States on its friends and allies, on the grounds of national security, undermine open trade and confidence in the global economy," said a chair's summary to wrap up the three-day meeting of the G-7 top finance officials in Whistler, western Canada.
   Most participants "regret the uncertainty caused by trade actions which run counter to the goal of economic growth," said the summary, released by Canada, which holds the G-7 presidency.
   Discussions on U.S. protectionist actions will carry over to the G-7 summit, which will open Friday for a two-day run. But a tough going is expected.
   The G-7 finance ministers and central bank heads did not issue a joint statement. It is unusual for a country holding the G-7 presidency to criticize a specific member state.

(2018/06/03-12:00)

To read a full story, please click here to find out how to subscribe.