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G-7 leaders need to offer Trump a ‘golden bridge’ of retreat to avert a trade war, chief economist says

June 7, 2018


Cooler heads will prevail despite the steady ramp-up of rhetoric on trade tariffs, the founder of New York-based consultancy High Frequency Economics believes.

Finance ministers of the world’s wealthiest nations will meet at the G-7 summit Friday in Quebec, and it is likely to be rife with awkwardness. In addition to the U.S., the G-7, or Group of 7, consists of Canada, France, Germany, Italy, Japan and the U.K. — all countries that have been hit by the Donald Trump administration’s sweeping tariffs on steel and aluminum exports.

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