German Chancellor Angela Merkel on Friday floated an idea to set up a way to resolve trade disputes between the United States and its allies, a French official said as consensus appeared to elude G7 leaders at a summit in Canada, Reuters reported.
U.S. trading partners are furious over President Donald Trump’s decision last week to impose tariffs on steel and aluminum imports from Canada, the European Union and Mexico as part of his “America First” agenda. Some have retaliated.
The official described Merkel’s suggestion as a “shared assessment and dialogue” mechanism, but gave no further details.
The proposal, made at a meeting ahead of the two-day Group of Seven nations summit in La Malbaie, Quebec, was strongly supported by other leaders present, the official said, adding that European Commission President Jean-Claude Juncker said he was ready to invest personally in it.
