France's Macron sees way forward on trade, Trump says working together

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As the first of two days of meetings in La Malbaie, Quebec ended, the Group of Seven leaders limped toward something that could look like a win, even if it comes far short of the broad communique signed by all attendees that typically comes out of their summits.

She said the European Union would "act" against the USA trade measures, which European leaders regard as going against the rules of the World Trade Organization.

The statement added "France and Europe maintain their support" for the G7 conclusions.

"International cooperation can't depend on anger and small words".

Bond prices spent the day bouncing back and forth across the unchanged line. We stick to it. "We stand by it and whoever leaves it and turns their back on it is showing inconsistency and lack of character".

"There are still good reasons to fight for the trans-Atlantic partnership", Merkel said Sunday, hedging that the European Union shouldn't "imprudently" follow the United States.

"It's actually not a real surprise".

Over the course of his presidency, Trump has inflamed allies with his isolationist policies, including withdrawing the USA from the Paris climate accord and the global Iran-nuclear agreement. "In a matter of seconds, you can destroy trust with 280 twitter characters", Maas said.

Seibert told reporters in Berlin Monday that his office "is connecting no interpretation" with the picture.

"Let's remember why the G8 became the G7".

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"One will be that we will have to represent our interests in Europe as much more closed from the outside. I would then next travel to Japan or try to set up talks with my Canadian colleagues very quickly".

Concerned about Trump's approach to tariffs, Merkel on Friday proposed the creation of a "shared evaluation mechanism" on U.S. trade, a forum aimed at defusing tensions between the USA administration and the European Union.

"Things are moving forward at the G7", Macron told reporters. "But I'm always hopeful on that point", Kudlow said. "Canadians, we're polite, we're reasonable, but we also will not be pushed around".

Next week's trading could be impacted by reaction to several significant events, including the G7 summit, Trump's meeting with North Korean leader Kim Jong Un and monetary policy announcements by the Federal Reserve and the European Central Bank.

Canada and Mexico, the other members of NAFTA, have been frustrated by what they see as unacceptable USA demands in slow-moving talks to modernize the deal. "We're like the piggy bank that everybody is robbing and that ends".

"Our position has not changed (on Russia)", said Adam Austen, spokesman for Canadian Foreign Affairs Minister Chrystia Freeland.

"What we want to see is getting the substance right and in the past that has been done in a number of ways - a chairman's statement, for example", James Slack, a spokesman for United Kingdom prime minister Theresa May told reporters.

Already at the meeting of the finance ministers ahead of the G-7, the six non-U.S. countries released a statement raising concerns about US trade actions.

"The phrase I've used is engage but beware".

Trump said the tariffs are necessary for national security.

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