Larry Kudlow calls Justin Trudeau's verbal attacks 'amateurish,' a 'betrayal'
11 June, 2018, 12:31 | Author: Brooke Harris
Kudlow also insisted that Trudeau's remarks were created to make America look weak as Trump flies to Singapore for his meeting with North Korean dictator Kim Jong-un.
After Mr. Trump's departure from the G-7, Mr. Trudeau held a press conference Saturday stating that all of the member nations, including the US, had signed a communique pledging to lower tariffs and other trade barriers. "We must put the American worker first!" he tweeted later.
The prospect that he could be moving toward an even greater protectionist trade policy is likely to chill financial markets anxious about tit-for-tat escalation that could lead to a full-blown global trade war.
Trump on Sunday went on to criticize the European Union for having a $151 billion trade surplus with the USA, when in fact it is $101 billion, according to the Associated Press.
He said that North Atlantic Treaty Organisation nations should "pay much more for the Military", tweeting that "Germany pays 1% (slowly) of GDP towards North Atlantic Treaty Organisation, while we pay 4% of a MUCH larger GDP".
"Look, all of these countries have been taking advantage of the United States on trade", Trump told reporters as he left the White House, repeating his longstanding complaints about trade deficits and tariffs.
Kudlow said that Trudeau's statements are "amateurish" and "sophomoric" only "for domestic consumption", and that it was Trudeau's remarks that had prompted Trump to pull out of the joint communique.
In comments published on Monday, he told newspapers from the Redaktionsnetzwerk Deutschland association that "everyone knows how much is at stake".
Turning his campaign rhetoric into action against friend and foe, he has taxed imported solar panels and washing machines, imposed tariffs on steel and aluminum, threatened tariffs on up to $150 billion worth of Chinese products and ordered an investigation into whether imported cars, trucks and auto parts should be taxed - on national security grounds.
It follows a chaotic G7 summit in Quebec at the weekend, when USA president Donald Trump withdrew his endorsement of a joint communique, accusing Mr Trudeau of being "dishonest and weak". "So he holds a press conference - the president is barely out of there on the plane to North Korea, and he starts insulting us, he starts talking about the U.S.is insulting Canada", Kudlow said.
The annual G-7 summit appeared to have weathered tensions over President Donald Trump's threats of a trade war.
South African president Cyril Ramaphosa, who met with Mr Trudeau on Sunday, said it was time for G20 nations to play a role and to "also bring about some good sense to all the key players".
White House aide Larry Kudlow tells CNN's "State of the Union" says Trudeau has done a "great disservice" to the G-7 by saying Canada had to stand up for itself and that the USA was responsible for the problem with tariffs.
Larry Kudlow said Mr. Trump negotiated in good faith with fellow global powers in Quebec.
Trump took aim at an unspecified news release issued by Canada saying, "they made nearly 100 bln dollars on trade with u.s. (guess they were bragging and got caught!)".
"The historic and important agreement we all reached" at the summit "will help make our economies stronger and people more prosperous, protect our democracies, safeguard our environment, and protect women and girls' rights around the world".
In a tweet posted Saturday evening, Trump said his decision was based on "false statements" made by Trudeau during a press conference he gave, as well as "the fact that Canada is charging massive Tariffs" on US companies.
The tweetstorm is the latest fallout from a bad-tempered G7 summit in Quebec, Canada, in which the President found himself at odds with numerous leaders present, largely over his planned tariffs on a range of goods, including steel and aluminum.
And after the Trudeau meeting Friday, the White House released a statement saying "the two leaders and their delegations are close to a deal", while Lighthizer said a few weeks ago that the nations are "nowhere near close to a deal".
White House economic adviser Larry Kudlow accused Trudeau of betraying Trump with "polarising" statements on trade policy that risked making the US leader look weak ahead of the historic summit with Kim.
Trump has invoked a 1962 trade law to erect protections for USA steel and aluminum producers on national security grounds, amid a worldwide glut of both metals that is largely blamed on excess production in China.
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I also think I'll know whether or not it will happen fast. "The situation was much more shocking than I had expected", he said. Pyongyang's ICBMs have the range to hit the U.S. "He can take that nation, with those great people, and truly make it great".