European Union to impose Bourbon tariffs in July

European Union to impose Bourbon tariffs in July

The French president is said to have criticized the U.S. commander-in-chief's imposition of tariffs on steel and aluminum imports from American allies, like Mexico, Canada and the European Union, a critique he also offered publicly.

Kudlow said Trump would also have a bilateral meeting with Macron at the G7, a gathering that's now widely expected to turn into a group effort in decrying the president's trade tactics to his face and trying to convince him to reverse course.

U.S. President Donald Trump is not backing down from the tough line he has taken on trade, the White House's top economic adviser said on Wednesday, setting the stage for a showdown with top allies at this week's G7 summit in Canada.

"To the degree one can ever take what is said as a joke", the source told CNN.

The Mexican tariffs target US pork, produce, bourbon, and steel - products chosen with a political objective in mind.

"The six other countries of the G7 represent a market which is bigger than the American market", the French president said.

They also said they expected Trump to come under increasing pressure at home to reverse the tariffs, which they said would hurt US interests.

But in a nod to concerns raised by Trump past year, the joint statement also said "At the same time, that trade has not always worked to the benefit of everyone".

According to a report by The Washington Post, Trump has been complaining to aides about having to spend two days in Canada because he thinks the trip is a "distraction" from his upcoming Singapore summit with North Korean leader Kim Jong Un.

Medicare fund to fall short in 2026, sooner than last forecast
Republicans say the programs must be revamped to ensure they will be solvent for baby boomers and their children. About a quarter of Part B costs are paid for by beneficiary premiums with the rest from the federal budget.

"The impact on Canada and ultimately on workers in the US won't be a laughing matter", one source told the network.

Macron had previously attempted to strike a more conciliatory tone with Trump and was even dubbed the "Trump whisperer" by some in the media.

But Trump is deadly serious about reforming a global trade system he believes is fundamentally broken, Kudlow said.

Mexico has published the tariffs it is imposing on products imported from the United States in response to the Trump administration's duties on Mexican steel and aluminium.

The comments come after reports that China has offered to boost purchases of U.S. goods by about $25 billion this year ahead of a mid-June deadline for imposing tariffs on Chinese imports.

Apparently the Smithsonian Institute agrees with the President, publishing an article titled, "Today We Celebrate the Time Canada Burned Down the White House".

Trump announced the tariffs in March, saying they were necessary to protect the United States from unfair competition. It should also be noted that the act Trump is referring to was simply a British response to an American attack on York, Ontario in 1813.

Still, Macron is undeterred and affirms his friendship with the famously temperamental USA president.

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