Trump heads into the G7 summit in an increasingly isolated position, facing an increasingly troubled global economic environment
President Donald Trump heads into the G-7 summit in coastal France more isolated than ever — and perhaps never more in need of the international coordination he has repeatedly assailed.
By signing up you agree to receive email newsletters or alerts from POLITICO. You can unsubscribe at any time. “G-7 summits have turned into a bit of a nightmare for all concerned and chances are this one could be especially terrible,” said Richard Gowan, an expert on multilateralism at the International Crisis Group.
“The great irony is that if other countries took the approach we did, they would be racking up huge deficits and politicizing the central bank,” said Douglas Rediker, a senior nonresident“If everyone were to emulate U.S. policy, then you would have a race to the bottom,” Rediker said. Trump, who remains diametrically opposed to many of the positions held by his European counterparts on trade, has said he does not intend to back away from his policies, including his aggressive stance on China, which could drag American businesses and consumers into a painful recession.
“It seems like he is setting up a real challenge to the European Union’s economy and all this is going to do is continue to deteriorate his own economic outlook for his reelection,” said Heather Conley, Europe program director at the Center for Strategic and International Studies. Trump’s willingness to disagree with G-7 leaders on areas in which they once shared consensus has already had a notable impact ahead of the summit: Macron, who is hosting this year’s summit, confirmed Wednesday that he will skip the joint communiqué that has followed each G-7 meeting since 1975.
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