Under the guise of his forthcoming summit with Kim Jong-un, Trump plans an early departure from 2018 G7 Summit.
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US vs China. Then US vs Canada and Mexico and EU. Canada and Mexico and EU vs US. Tariff conflicts escalate on a global level to a tariff war.
Although the G7 summit official agenda does not explicitly mentions it, trade war, US tariffs and climate change will lead the talks. Recently Trump decided to impose 10% and 25% tariff on imported steel and aluminum, respectively, from EU, Canada and Mexico. The response on the part of once US allies was instant. Such differences on core issues may result to absence of the usual joint communique for the first time in G7 history.
Almost one week after Trump’s decision to call off his greatly expected summit with North Korea’s leader, the summit is back on track. After a lot of back-and-forth, high diplomacy and threats on either side, the Singapore summit is official. The meeting will finally take place on the 12th of June. It will be the first-ever meeting between US and N. Korea at the level of Heads of State.
The Italian President rejected the nomination for the appointment of Paolo Savona as Minister of Economy. Savona was nominated by the far-right League and anti-establishment 5-Star Movement (M5S) government coalition. President Sergio Mattarella refused to approve the nomination of Savona because of the latter’s Eurosceptic views and statements. Political and economic analysts expressed fears over Italexit.