President Trump Left the G7 in Turmoil

President Trump Left the G7 in Turmoil

President Trump Left the G7 in Turmoil

  • President Trump disavowed the G7’s joint statement with a Tweet
  • He also criticized Prime Minister Justin Trudeau as weak and dishonest.

Saturday, US President Donald Trump left the G7 nations in turmoil, just as, China’s Xi Jinping and Russia’s Vladimir Putin were coming together on the other side of the world.

Sunday, Messrs  Xi and Putin toasted the expansion of the Shanghai Cooperation Organization (SCO), an 8-member bloc designed to coordinate security policies across Asia.

The group, which welcomed new members India and Pakistan, as well as the Presidents of Iran and Mongolia, pledged to increase cooperation on energy and agriculture and create more favorable conditions on trade and investment.

The meeting contrasted with the discord in Canada, as President Trump, from Airforce One disavowed the G7’s joint statement and criticized Prime Minister Justin Trudeau as weak and dishonest.

The English-language Twitter of account of the Communist Party’s People’s Daily newspaper posted photos of a tense scene in La Malbaie, Quebec, and another of Xi and Putin smiling, with the caption, “G7 vs SCO: 2 meetings on the same day.”

The 17-year-old SCO has increasingly extended into trade and economic cooperation, where as the G7’s was founded as a security group.

The SCO bloc, which also includes Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan has rallied around opposition of the “3 evils” of terrorism, separatism and religious extremism.

China seeks to use the group as a vehicle to promote its Belt and Road Initiative, a vast infrastructure-building program that runs through Russia’s strategic backyard.

The Asian group demonstrated solidarity in pledging to uphold the Iran nuclear deal, a major source of G7 contention after President Trump’s withdrawal last month. Iranian President Hassan Rouhani, whose country has observer status at the SCO, attended the Summit, making his 1st foreign trip since the US’ decision.

The White House has escalated its attack against Justin Trudeau, PM of Canada. President Trump’s trade adviser says: “There’s a special place in Hell for any foreign leader that engages in bad faith diplomacy with President Trump and then tries to stab him in the back on the way out the door.”

America First & MAGA

Have a terrific week.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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