President Trump will make a trade offensive when he meets with leaders of G-7 countries this weekend
President Donald Trump will make a trade offensive when he meets with leaders of G-7 countries this weekend in France, where he plans to pressure the host nation to repeal a controversial new tax on U.S. tech giants and demand that India lower tariffs, senior administration officials said Thursday.
When Trump meets with French President Emmanuel Macron, he will bring up his opposition to France’s new digital services tax, a measure the U.S. views as targeting major U.S. tech companies like Google and Facebook, the officials said. Trump has threatened to hit back by imposing tariffs on French imports, including wine, and the Office of the U.S. Trade Representative has begun an investigation of the tax that could provide a legal basis for U.S. retaliation.
The Trump administration last year launched trade talks with the European Union, which negotiates on behalf of member countries like France. The EU, however, has resisted including agriculture, a politically sensitive issue in Europe, as part of the negotiations. The G-7 gathering will also provide the U.S. president with his first face-to-face meeting with new British Prime Minister Boris Johnson. The two leaders will talk about implications of the U.K.’s pending exit from the EU and Trump’s desire to quickly strike a trade deal with the country once it leaves Brussels’ orbit, one of the officials said. The U.K. won’t be able to secure a trade deal of its own until after it officially leaves the EU.
A mini trade deal with Japan is also likely to be on Trump’s mind when he meets with Prime Minister Shinzo Abe while in France. “Ambassador Lighthizer is prioritizing relief for our farmers but also looking at a series of other issues; so, we’ll see,” one of the officials said during the call. “The devil‘s in the details, and you don’t have a deal until you have a deal.”
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