Donald Trump, who is in Singapore for the historic meeting with North Korean leader Kim Jong-un, tweeted Monday that "Fair Trade is now to be called Fool Trade if it is not Reciprocal".
Fair Trade is now to be called Fool Trade if it is not Reciprocal. According to a Canada release, they make almost 100 Billion Dollars in Trade with U.S. (guess they were bragging and got caught!). Minimum is 17B. Tax Dairy from us at 270%. Then Justin acts hurt when called out!— Donald J. Trump (@realDonaldTrump) 11 июня 2018 г.
Trump declared that the trading policy of foreign countries with the US is unfair, claiming that there is an "$800 Billion Trade Deficit," a figure that is as yet unsubstantiated by expert research.
Why should I, as President of the United States, allow countries to continue to make Massive Trade Surpluses, as they have for decades, while our Farmers, Workers & Taxpayers have such a big and unfair price to pay? Not fair to the PEOPLE of America! $800 Billion Trade Deficit…— Donald J. Trump (@realDonaldTrump) 11 июня 2018 г.
Sorry, we cannot let our friends, or enemies, take advantage of us on Trade anymore. We must put the American worker first!— Donald J. Trump (@realDonaldTrump) 11 июня 2018 г.
Aside from making petulant complaints about Trudeau, Trump tweeted polemics against some of Washington's closest NATO allies over issues loosely connected to the US trade deficit, following a confusing G7 meeting in Canada.
….And add to that the fact that the U.S. pays close to the entire cost of NATO-protecting many of these same countries that rip us off on Trade (they pay only a fraction of the cost-and laugh!). The European Union had a $151 Billion Surplus-should pay much more for Military!— Donald J. Trump (@realDonaldTrump) 11 июня 2018 г.
….Germany pays 1% (slowly) of GDP towards NATO, while we pay 4% of a MUCH larger GDP. Does anybody believe that makes sense? We protect Europe (which is good) at great financial loss, and then get unfairly clobbered on Trade. Change is coming!— Donald J. Trump (@realDonaldTrump) 11 июня 2018 г.
Earlier in the day, German Foreign Minister Heiko Maas said that Donald Trump’s decision to revoke his endorsement of the Group of Seven communique via a tweet has undercut trust of US partners and made it even more vital for Europe to stand united.
"One can destroy an incredible amount of trust very quickly with one tweet. That makes it even more important for Europe to stand together and defend its interests even more decisively," Mass wrote on Twitter.