Photo: Tense Times At The G7 Summit

German Chancellor Angela Merkel faces off with Donald Trump
(Image via Instagram)

German Chancellor Angela Merkel posted the above pic to her Instagram account this morning showing what was clearly a tense moment between Donald Trump and the other leaders of the G7 summit.

The caption read, “Day two of the G7 summit in Canada: spontaneous meeting between two working sessions.”

The saying goes, “A picture is worth a thousand words.”

As has been reported extensively, Trump went into the meetings with tensions already high over proposed trade issues.

From The New York Times:

The president also repeatedly made clear his level of anger about the longstanding trade policies that he said have hurt America’s workers and undermined the country’s national security by weakening America’s “balance sheet.”

Mr. Trump said that the United States continues to renegotiate the North American Free Trade Agreement with Mexico and Canada, which he has said is one of the worst trade deals that the United States ever agreed to.

On Saturday, he said that the United States might have to negotiate separate trade deals with Mexico and Canada if they can’t reach a three-way agreement to make the broader trade agreement fair for Americans.

Donald Trump Brags He Lied To Canadian Prime Minister About Trade

President Trump boasted at a private fundraiser in Missouri Wednesday of making up trade claims during a meeting with Canadian Prime Minister Justin Trudeau before knowing whether they were true.

Quel surprise!

Discussing trade relations with the U.S. ally, Trump lied about running a trade deficit. The Donald told his audience last night, “I didn’t even know.”

From The Washington Post:

President Trump boasted in a fundraising speech Wednesday that he made up information in a meeting with the leader of a top U.S. ally, saying he insisted to Canadian Prime Minister Justin Trudeau that the United States runs a trade deficit with its neighbor to the north without knowing whether that was the case.

“Trudeau came to see me. He’s a good guy, Justin. He said, ‘No, no, we have no trade deficit with you, we have none. Donald, please,’ ” Trump said, mimicking Trudeau, according to audio of the private event in Missouri obtained by The Washington Post. “Nice guy, good-looking guy, comes in — ‘Donald, we have no trade deficit.’ He’s very proud because everybody else, you know, we’re getting killed.

“… So, he’s proud. I said, ‘Wrong, Justin, you do.’ I didn’t even know. … I had no idea. I just said, ‘You’re wrong.’ You know why? Because we’re so stupid. … And I thought they were smart. I said, ‘You’re wrong, Justin.’ He said, ‘Nope, we have no trade deficit.’ I said, ‘Well, in that case, I feel differently,’ I said, ‘but I don’t believe it.’ I sent one of our guys out, his guy, my guy, they went out, I said, ‘Check, because I can’t believe it.’

As the audio recording became news this morning, Trump took to Twitter to repeat that the U.S. has a trade deficit with Canada.

However, the Office of the United States Trade Representative reported in 2016 that the United States exported $12.5 billion more in goods and services than it imported from Canada, leading to a trade surplus, not a deficit.

Watch NBC News’ report below.

And nothing but the truth.A post shared by Pete Souza (@petesouza) on Mar 15, 2018 at 6:29am PDT

U.S. Chamber Of Commerce Critical Of Donald Trump’s Trade Plans

https://twitter.com/USChamber/status/747862410267136000

After hearing presumptive GOP presidential nominee Donald Trump speak today on his economic policies, the conservative leaning U.S. Chamber of Commerce dispatched this via Twitter.

Now, when business conservatives have reservations about his policies…

The  Chamber of Commerce says we would lose 7 million jobs and head back into recession if the U.S. followed Trump’s ideas.

The U.S. recession would set in within the first year under Trump’s proposed trade policies, which include a 35 percent tariff on imports from Mexico and a 45 percent tax on goods coming in from China. Over the next three years, the U.S. economy would shrink by 4.6 percent and the unemployment rate would nearly double to 9.5 percent.

Should China and Mexico decide not to retaliate against Trump’s steep tariffs with heightened trade barriers of their own – an unlikely scenario based on recent history – the U.S. would still lose a minimum of 2 million current jobs, while another 1.5 million would not be created. In other words, even under the best case scenario, Trump’s tariffs would strip our country of at least 3.5 million jobs.

Does that sound like “making America great again” to you?