Leaders from some of America’s biggest trading partners traveled to the Group of Seven industrial nations summit in Canada this week hoping for deals with President Trump. They left empty-handed.

A meeting with Japanese Prime Minister Shigeru Ishiba ended with a pledge for more talks. After discussing trade with European Commission President Ursula von der Leyen, Trump said he didn’t think the bloc was offering a fair deal. Canadian Prime Minister Mark Carney set a new 30-day timeline for a trade deal but couldn’t ink an agreement.

“The fact that the Americans left there with no deals suggests that what they’re asking other countries to stomach is too high a price for them to pay,” said Brian Clow, who was deputy chief of staff to Canada’s former Prime Minister Justin Trudeau.

Some of America’s closest partners now face a ticking clock before a July 9 deadline that the U.S. has set to impose a global slate of higher tariffs, Trump’s so-called “reciprocal” levies. The G-7 was thought to be a place where the heads of state could try to break impasses that have emerged between their staffs. But Trump doubled down on his support for tariffs this week, touting the revenue the duties are bringing in and referring to himself as a “tariff person.”

Trump on Monday formally agreed to a previously announced trade pact with the U.K. The U.S. didn’t announce any other deals, despite recent comments from administration officials about how close they were to agreements.

Leaders from Mexico, India and South Korea, who arrived at the G-7 for meetings on Tuesday, didn’t get to see Trump because he left a day early to tend to the conflict in the Middle East. Mexican President Claudia Sheinbaum wrote in a social-media post that she spoke to Trump on Tuesday and the two agreed to work together to reach an agreement on what she referred to as various issues of concern. Sheinbaum and a White House official said it was a good call.

Canadians had come to the summit holding an offer for a deal that would have exchanged higher Canadian military spending for the lifting of 50% U.S. duties on steel and aluminum imports and levies on Canadian auto imports that have squeezed the industry here, said a Canadian official.

Carney told Trump during their bilateral meeting that tariffs have hurt the Canadian steel industry, but the president effectively shrugged off his concerns, according to a senior U.S. official. Trump said he was searching for the best deal for the American people, this person said.

Canadian officials said Carney then proposed setting a 30-day timeline for talks to move things along.

“I have a tariff concept, Mark has a different concept,” Trump said.

Canadian and U.S. officials were expected to continue to talk this week, and U.S. Trade Representative Jamieson Greer stayed in the country after Trump flew back to Washington.

A White House official said the administration wants to strike bilateral deals, pointing to ongoing meetings with Japan, India and the EU as a sign that the administration was engaged in dealmaking. But some foreign officials said the administration sends mixed messages.

If tariffs are intended largely as a source of income—as some of Trump’s recent comments suggest—trading partners see less room to negotiate their removal. “We’re making a lot of money,” Trump said early Tuesday of the tariffs.

After leaving the summit, Trump said that he didn’t think the EU was offering a fair deal yet. The bloc of 27 nations had been “very tough over the years,” he said.

“We’re either going to make a good deal or they’ll just pay,” he said.

Europe’s trade chief, Maroš Šefčovič, met with Greer on the sidelines of the G-7 summit on Monday and will travel to Washington this week, people familiar with his plans said.

EU officials view the two sides as still far apart, according to people familiar with their thinking.

But there appeared to be desire on both sides for progress. After a separate meeting with Trump on Monday, von der Leyen said the two leaders had instructed their teams to “accelerate their work to strike a good and fair deal.”

Source: MSN

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