US isolated as G7 ministerial draws to a close

US isolated as G7 ministerial draws to a closeThe United States faced unified opposition from the world’s top economies to President Donald Trump’s escalating, multi-front trade offensive at the end of high-level meetings Saturday soured by the imposition of tariffs. G7 ministers urged US Treasury Secretary Steven Mnuchin, who was at the event, to express their “unanimous concern and disappointments” to the White House over new US tariffs, Canadian Finance Minister Bill Morneau told reporters. Morneau, speaking at the end of the Group of Seven ministerial meeting, said that the finance ministers and central bank governors were unanimously opposed at the harsh US steel and aluminum tariffs imposed by the Trump administration.

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