June 07, 2018
The G7 summit will be contentious — for all the wrong reasons
Leaders of the Group of 7 industrialized democracies will gather this week in Quebec for their annual meeting on the world's economy. Following the Trump administration's recent imposition of steel and aluminum tariffs on Europe, Japan and Canada, however, the summit is shaping up as 6 versus 1.
Why it matters: What would normally be an opportunity to forge unity on key challenges — with China's discriminatory trade practices foremost among them — will be anything but.
The summit comes as wealthy democracies worry about an accelerating slide toward all-out trade war. Canada and Mexico have already responded to the tariffs with their own measures against U.S. imports, and the European Union is readying to retaliate. Trump has signaled that he may next impose tariffs on foreign automobiles, to which America's economic partners are likely to respond. Endless tit-for-tat moves toward protectionism would be bad for everyone.
Read the Full Article at Axios
More from CNAS
-
Sanctions by the Numbers: 2025 Year in Review
Reports
This installment of Sanctions by the Numbers examines the United States’ use of financial sanctions and entity-based export controls...
By Eleanor Hume & Kyle Rutter
-
Trump's Davos Speech
Video
Edward Fishman, CNAS adjunct senior fellow, joined the Canadian Broadcasting Corporation to discuss the Davos forum, and President Trump's claims that only the U.S. can protec...
By Edward Fishman
-
Washington’s New China Tech Strategy
Podcast
Mike joins Emily Kilcrease, senior fellow and director of the Energy, Economics, and Security Program at the Center for a New American Security, to unpack how U.S. national se...
By Emily Kilcrease
-
How America Can Stop Getting Played by China
Commentary
This article was originally published in Foreign Affairs. In May 1993, U.S. President Bill Clinton tested whether economic leverage could be converted into political influence...
By Liza Tobin & Addis Goldman
