we are joined by jodi schneider.ent trump will be leaving the g7 early to attend the summit with kim. tensions at the g7 are going to be on the rise already, and now we hear he is not staying until the end. what kind of signal does this send? jodi: he is going to be leaving early to go straight to singapore for that other summit, the one with the north korean leader. he will have only about 24 hours to try and diffuse what escalating tensions over trade, particularly on the tariffs issue. leaving early doesn't send the best signal. he will be leaving an assistant international deputy there. another big player from the u.s.. we have already heard from macron, very concerned about what is happening with the tariffs saying he may not sign that traditional concluding agreement at the end of such sessions if there is not significant progress made on trade and tariffs. canadat of the summit in , so the host as the prime minister, justin trudeau. he has concerns and has become increasingly critical of the u.s. about tariffs

thank you, jodi schneider, our senior international editor. we have also had a controversial legal win for the white house. we will get the rest of the first word news with paul allen. trump says the supreme court's decision in favor of his ban on people traveling from muslim countries is a great victory for the constitution. in a 5-4 ruling, the court rejected a challenge that the ban discriminated against muslims or exceeded the president's authority. the majority opinion agreed the president has power to regulate immigration. pres. trump: we have to know who is coming here. the ruling shows that all the attacks from the media are wrong. for is are looking strong borders, no crime. bloomberg sources say canada is preparing measures to prevent a potential flood of steel imports from global producers looking to avoid u.s. tariffs. the measures are said to be tariffs and that certain countries including china. an announcement could come next week. the eu is considering similar measures to ward off steel dumping. >> this is an investigation that

yvonne: for more, we have jodi schneider joining us in hong kong. ess confrontational approach than we were hearing a couple of days ago. why do you think the change in strategy? jodi: there has been some pushback in market reaction, bet this does appear to a way to still go ahead with this approach of focusing on protecting american technology, but doing it through cifius, the --mittee to protect committee on foreign investment, which looks at investment cases by case. president also says that this is not looking at china specifically, but other countries, and it also aligns with what the treasury secretary said in recent days, also partly to calm markets. yvonne: there were a lot of /drasticout an emergency legal measure that the u.s. was going for. what do you think is a fundamental difference between a, and the cifius? jodi: people had in spooked by the fact that it was an emergency power, it seems very geared toward china. yvonne: almost irreversible? jodi: right. sisi us is a review that has gone on somewhat routinely over the years -- cifius,

you, jodi schneider, bloomberg's senior editor joining us with the latest on the trade story.ng us, janet henry. good to see you this morning. i talked to a lot of people who say we have to get this in perspective. aboutewey start panicking trade? janet: we do not panic. we cannot analyze it in detail. australia is empt from the tariffs. one large us trillion minor is responsible for half of the aluminum exports from canada. even if we think we can assess this and say this country is exposed, this country is exempt, this one has a deficit, it is all on the implications of supply chains we cannot analyze. we have the steel and aluminum tariffs, we have the china trade actions, they are coming through at different timings. the only thing we can say is onre will be effects investment spending. we see financial market implications. all we can say at the moment is it is going to be negative. we do not know how negative. slightly away from your wheelhouse. there is market reaction to the trade conversation and people aking this morning, is there trade? why markets have been so resil

let's bring in jodie snyder -- jodi schneider.e can you tell us about this, it is fascinating to see a european business is the first one to put the flag in the air and say this will impact the bottom line. jodi: this is where it starts to get real. we start seeing things like this , the biggest carmaker to come forward and say that there are going to be implications. they are starting to see him petitions from the trade war. it's cars are not being purchased in the numbers they thought they would be a few months ago because of this -- the tariffs. this is where we are starting to see some real impatiens from what is clearly an escalating trade war or perhaps skirmishes. is going global now. it is interesting, right here in vienna, the discussion in the rooms behind me is about the possibility of donald trump going wild and suing the sovereign nation. and how much deeper are we stepping into global trade wars in the last one for hours, how do you interpret wilbur ross's commentary? the: escalation seems to be word of the day. we s