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Asian traders cautious after G7 debacle, eyes on Trump Kim summit

June 10, 2018 vir Leave a Comment

The G7 summit ended in chaos at the weekend after Donald Trump withdrew his endorsement of a communique, accusing Canadian Prime Minister Justin Trudeau of dishonesty AFP/LEON NEAL While the historic gathering in Singapore is the big story of the week, key central bank decisions in the US and Europe will also be closely followed. Trump pulled out of endorsing a joint communique after the G7 meet finished on Saturday in a row over trade, accusing the summit's chairman, Canadian Prime Minister Justin Trudeau, of dishonesty. The shock decision followed a testy gathering in Quebec, where the US president came under fire for his "America First" protectionist drive that has fuelled fears of a global trade war. He had left early for Singapore, only to take exception to comments by Trudeau at a news conference. "One thing that we do know for sure is the president's uncontrollable need to defend his status is more apparent than any strategy when (it) comes to bilateral trade negotiations," … [Read more...] about Asian traders cautious after G7 debacle, eyes on Trump Kim summit

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