Economics
U.S. Isolated at ‘G-6 Plus 1’ as Divisions Sap Western Alliance
- France’s Le Maire says U.S. measures are dangerous for growth
- Trade war overshadows discussions at finance ministers meeting
Bill Morneau speaks during the G7 finance ministers and central bank governors meeting in Whistler.
Photographer: Darryl Dyck/BloombergThis article is for subscribers only.
The U.S.’s closest allies warned protectionist measures taken by the Trump administration threaten to create deep fissures in the Western economic alliance that end up isolating the Americans.
At a meeting of finance chiefs from the Group of Seven countries Friday, officials expressed frustration over how the U.S. is alienating its historical trading partners with new tariffs on steel. They cautioned the Americans are losing sight of the real challenges faced by the global economy, even as they held out hope of a change of heart.