mr. trudeau: [speaking in french] thank you all very much. [applause] >> after prime minister trudeau's news conference, president trump, who is on his way to singapore to meet with north korean leader kim jong-il and indicated the u.s. would not abide by the communique cited by the prime minister. " a tweet, the president said based on justin's false statements at his news conference and the fact that canada is charging massive tariffs to our u.s. farmers, workers and companies, i have instructed our u.s. representatives not to endorse the communique as we look at tariffs on automobiles flooding the u.s. market." week, live coverage from the u.s.-north korea summit between president donald trump and north korean leader kim jong and during monday night good -- night. "washington journal" for analysis. the u.s.-north korea summit is set for tuesday, and book tv will feature authors books about the region. this sunday starting at 5:00 p.m. eastern, and

his went on to say that mr trudeau had been meek and mild during their meetings, but had later describedriffs as insulting. our correspondent gary o'donoghue is live in quebec for us now. from where you are sitting, was it a bit of a surprise that president trump came out with these? surprise, i guess, surprise, iguess, but surprise, i guess, but we are used to this. this was a pretty big one. this summit had racked up the organisers, the canadians thought they had pulled the frying pan from they had pulled the frying pan from the fire and thought they had done the fire and thought they had done the unimaginable, getting all seven countries to sign up to the same agreement. from thousands of miles away, donald trump pulled the plug on america's concurrence in that agreement. the reason, the canadian prime minister during his final press c0 nfe re nce a prime minister during his final press conference a gang criticised the us tariffs on aluminium and steel and said canadians were polite and reasonable but would not be pushed around this topic when the president saw those comments, he orde

mr. trudeau that. >> he didn't walk away from the agreement.then ask mr. trudeau that. >> he didn't walk away from the agreement. >> don't blame trump. it was true go wdeau who starte blasting trump after the deal was that. and potus is going to singapore to negotiate with the north koreans. this is an historic event. >> absolutely. >> good things, wonderful things could come out of this. >> we all hope so, absolutely. >> thank you. now, potus is not going to let a canadian prime minister push him around, push him, potus, around on the eefr of this. eve of this. he is not going to permit any show of weakness on the trip to negotiate with north korea, nor should he. >> so this of course it was in part. >> so because trudeau said that as trump was going to singapore -- >> one thing leads to another, jake. they are all related. we had done our work in quebec. we did our work. we worked with the western alliance. pleased to do so. we get on the plane and then trudeau starts blasting us. >> so what is key -- >> kim must not see american weakness. and you know, y

mr. trudeau: no nafta is better than a bad deal.carlet: and how seriously should investors take europe's turmoil? experts show their insight. >> i don't think we are facing an existential threat at all. >> the trend is still heading higher in rates and gradually higher in equities. >> the italian situation shows you that uncertainty can certainly rear its head at any moment. scarlet: it is all straight ahead on "bloomberg best." ♪ scarlet: hello and welcome. i'm scarlet fu. this is "bloomberg best," your weekly review of the most important business, analysis and interviews from bloomberg television around the world. oil entered the week on an extended losing streak after some of the world's major oil-producing countries signal that they may be ready to do away with curbs on output. >> oil continues to struggle in asia this morning after plunging on friday, the most in about a year. this after opec and russia saying the market rebalanced back in april. the output managed to curb the -- global surplus. are we at peak oil or past peak

mr. trudeau. "wall street journal" review section this weekend, trump's .ran gambit the president is not determined to topple the atomic regime assumpsit -- as some critics fear. on the news pages, following up on jim jordan's comments earlier -- the more popular option would create a new visa program that would reward immigrants for meeting certain benchmarks to allow them to become citizens. lawmakers were vague about what this would be. a key part of this proposal would be that it would be available to other immigrants the on the dreamers and effort to make it more palatable to conservatives opposed to a special path for the young immigrants to become citizens. goeswall street journal" on to talk about some of the other points including the second option. we mention there were two. closely to what democrats have often proposed, typically attend a 12 year pathway to citizenship. part of the writing in "the wall street journal." alice is going from virginia. go ahead, alice. caller: yes, when peo

mr trudeau said canada would not be pushed around on trade tariffs.p then accused him of being "dishonest and weak". the president has withdrawn his endorsement of a joint communique on the importance of free trade. from quebec, our correspondent gary o'donoghue reports. scarcely 2a hours after the president arrived at a summit he had thought about skipping altogether, he was off, defiant in the face of a clutch of world leaders still furious with america's unilateral trade tariffs. the warning signs something was wrong came early when the president showed up late for a leader's breakfast on gender equality, one of the few areas where there had been hope of a meeting of minds. while officials worked towards a final agreement, which all the leaders could sign up to, the president was sticking to his position, blaming former us leaders for allowing the rest of the world to take advantage of america on trade. it's going to change, 100%. and tariffs are going to come way down because we people can't continue to do that. we're like a piggy bank that everyb

mr. trudeau, i think he is overreacting. i don't want to get into the middle of that. fine friend of the united states and ally. we have to protect ourselves. >> they plan to retaliate. finance ministers call the tariffs disappointing. congressional republicans are fuming. bob corker is working on a plan to push back on the tariffs. it puts the u.s. in another trade dispute after targeting $50 billion of chinese good. china wrapped up the latest round of trade talks. china warns the tariffs is $50 billion in techariffs wil kill any overall trade deal. peter navarro says the china policy is measured and thoughtful and strategic. >> we love to have a peaceful and friendly relationship with china. we also are standing firm on the idea. the president is the leader on this. >> how far are you willing to go? >> he adds the relationship with china structurally needs to change. this is the beginning of that. >>> remember this wild claim during the campaign from then candidate donald trump? >> i could stand in the middle of fifth avenue and shoot somebody and wouldn't lose any

products mr trudeau also said canada will challenge the terrorists both at the w t o the world trade organization and under chapter twenty of the north american free trade agreement nafta mexico for their part said the tariff targets include u.s. pork cheese lamps and steel the e.u. for its part target a list of products chosen to create maximum political pain for president donald trump and its allies in congress who trade commissioner cecilia mouth from while taking pains that signal and signaling more regret than anger called the u.s. tariff illegal and said that she will file a dispute settlement case with the w t o in a note of defiance ms mouse from quipped quote when they say american first we say europe united. and now we move to economic sanctions a very easy transition there's a lot of conversation about sanctions including on this broadcast but perhaps not enough time is spent considering the effectiveness of sanctions and here to help us do so is international lawyer an analyst in wilkie and thank you so much for being with us it's a pleasure to have you here give us all t

mr. trudeau of making false statements and threatening new tariffs on imported cars.any part of this as being justifiable? >> absolutely not. you know, we know that this president has no relationship with the truth whatsoever. so therefore, when there are potential real issues that we can have with a genuine ally in canada, nobody is positioned to believe what this president has to say about mr. -- about prime minister trudeau's veracity because, guess what? this president lies to the american people via twitter and via open microphones every week. alex, i've been watching your show. i don't know that i have a whole lot to add to what everybody's analysis has been. i'd just like to point out that this president and people like navarro and kudlow, what they do by doing this is we have absolutely substantively diminishes american leadership on the global stage. we're left in a position now where angela merkel and justin trudeau and emmanuel macron are the leaders for industrialized democracies. that's not something this president or the next president will be able to re

mr. trudeau, i think he is overreacting.n't want to get in middle of that. fine friend of the united states and ally. we have to protect ourselves. >> that's what the three u.s. allies say, too. they plan to retaliate with their own tariffs on farm foods and blue jeans. finance ministers call the tariffs disappointing. congressional republicans are fuming. bob corker is working on a plan to push back on the tariffs. it puts the u.s. in another trade dispute after targeting $50 billion of chinese good. china warns this could kill any trade deal at all. china wrapped up the latest round of trade talks. china warns the tariffs is $50 billion in tech tariffs will kill any overall trade deal. peter navarro says the china policy is measured and thoughtful and strategic. >> we love to have a peaceful and friendly relationship with china. we also are standing firm on the idea. the presidis the leader on this. >> how far are you willing to go? >> he says the chinese have been going after this country for decades and we must protect intellectual property here. the str

mr trump called justin trudeau "very dishonest and wea k".ed back. for me, what is insulting and what i object to very strongly is the illegal and unjustified imposition of tariffs on canadian steel and aluminium. the national security pretext is absurd and, frankly, insulting to canadians — the closest and strongest ally the united states has had. but president trump's top economic advisor, larry kudlow, said mr trudeau's comments made mr trump look weak ahead of his meeting with north korea's kim. the president is going to negotiate with kim of north korea, and singapore. it is a historic negotiation and there is no way this president is not going to stand strong. number one, he's not going to allow other people to suddenly take pot shots at him, hours before that summit. and number two, trudeau should have known better. the bbc‘s chris buckler in washington says that, farfrom being a heat—of—the—moment row, the temperature has continued to rise today. yeah, the language is pretty remarkable, particularly if you take a look at the communiqu

but nine joint communique amongst the g seven countries related to free and fair trade and called mr trudeau quote dishonest and. week and on sunday newspaper on the sunday news program president trump director of trade and policy mr peter navarro said of the prime minister that he deserved quote a special place in hell and quote which proves that the current us leader and his staff are certainly not polite nor perhaps reasonable while mr navarro previously said that no country would retaliate against the united states related to trade tariffs canada will be imposing thirteen billion and the european union will impose three billion dollars worth of tariffs on u.s. goods while the truck administration's goal is to reduce tariffs on u.s. goods it's not worked out that way at least so far meanwhile and at.

mr trump called justin trudeau "very dishonest and wea k". for me, what is insulting and what i object to very strongly is the illegal and unjustified imposition of tariffs on canadian steel and aluminium. the national security pretext is absurd, and frankly, insulting to canadians — the closest and strongest ally the united states has had. canada's foreign minister chrystia freeland. president trump's top economic adviser, larry kudlow, had this response to mr trudeau's comments. the president is going to negotiate with kim, of north korea, and singapore. it is a historic negotiation and there is no way this president is not going to stand strong, number one, he's not going to allow other people to suddenly take pot shots at him, hours before that summit. and number two, trudeau should have known better. let's speak now to chris buckler who's in washington. just how much turbulence has mr trump created 7 just how much turbulence has mr trump created? i think he has created an amazing amount of hate in terms of the relationship between americ

mr. trudeau's cabinet in canada. t member since this trade fight developed between president trump and prime minister trudeau. the gist of the interview was they're trying to pour oil, to calm the waters. that is what the canadian member of the cabinet would like to do, calm down, keep talking, let's see how we can get more trade between two countries. liz: i think he is absolutely right. peter navarro apologizing for that out of line comment he made will help to calm the waters we hope. this is on going process. cooler heads will prevail. we, both sides of this fight have to not make it a war. you know, if they say it is not a trade war why throw insults around that is being done? stick with the facts. let the facts prevail. stuart: what is president trump's next step in what does he now stay about the fight of two or three days ago. liz: right. stuart: what does he say? does h push b or placate? interesting. liz: markets not reactin stuart: time's up. neil, it's yours. neil: we to the a tweet on from the president o

mr trudeau claimed there had been a consensus, among all those taking part, to fight protectionism.espondent gary o'donoghue reports. scarcely 2a hours after the president arrived at a summit he had thought about skipping altogether, he was off, defiant in the face of a clutch of world leaders still furious with america's unilateral trade tariffs. the warning signs came early when the president showed up late for a leader's breakfast on gender equality, one of the few areas where there had been hope of a meeting of minds. while officials worked towards a final agreement all the leaders could sign up to, the president was sticking to his position, blaming former american leaders for allowing the rest of the world to take advantage of america on trade. it's going to change, 100%. tariffs are going to come way down because we people can't continue to do that. we're like a piggy bank that everybody‘s robbing, and that ends. and it was clear the president didn't much like how he was being spoken to. a moment captured in this photograph, later posted on social media by the german chancell

trudeau. the us president is now on his way to singapore for talks with north korea's kimjong—un. mrorth korean leader could do "something very positive for his people, for himself, his family". at least 65 soldiers and police officers have been killed in four separate attacks carried out by the taliban in afghanistan. the violence comes on the same day the afghan taliban announced it will mark a three day ceasefire over the muslim festival of eid.

clearly gaza in twenty twentieth's and live up what you've written to the prime minister of canada mr trudeau to invite him i understand in the past few days have you written to prince william ready to talk to right to anyone if this can help policy unions or if this can alleviate part of our suffering here in gaza because that really we are talking about to get us of a message here because of the humanitarian mr ingersoll i think i am as united prince william then to gaza officially i am doing this now with all your your t.v. and i can work on this today because it is sure we are will coming to visit gaza as the fairest of the. visit to the other seen him to look at his you know some people are saying that palestine has never been more united front us a america i think trumps new on what jason greenblatt is nothing more than a puppet a spokesperson for the israeli occupation. is it true that hamas and fatah have never been closer look good in them but not our policy in an issue we are fully united. is a very destructive it is deleting the whole policy in an issue they have started with jerus

practice merck and elizabeth i think he wanted to bloody their noses of it and i think of that mr trudeau just happens to be a convenient patsy for that so thanks for being with us it's kind of it i'm very interested to see how this all plays out with you know former allies on the fritz and a former enemies now currently allies you're always the one to talk to to make sure that we can wrap our heads around it thanks jim doctress. thank you so much. all right in other world news making headlines italy has some of the french ambassador after president micron criticized italy's decision to turn away a migrant rescue boat or controlled burns more earlier this week a humanitarian vessel was denied the right to dock at a port on italy's island of sicily the rescue ship was carrying over six hundred migrants including many unaccompanied minors and pregnant women if they had been rescued off the coast of libya but are now currently on route to the port of lengthier after spanish authorities said that they could dock there well the french president has been scathing in his attack of italy in regar

mr. trudeau. the strategy that has been in place for the last few months seems to be failing. are you starting a trade were with the u.s.? >> first of all, we have been saying for a long time we are ready for anything. we have always worked in a constructive way with the americans, but we always that we had thoughts on how we would defend canada and canadians and canadian workers interests if the need arose. work andwe continue to negotiate and try to convince the americans to withdraw those unacceptable restrictions, we must also respond firmly to these threats. with respect to a trade war, has a trade were begun? do you still have faith in mr. trump? do you believe he is a man of his word? we have longously, engaged with the americans in many different ways, whether it be me directly with mr. trump or other ministers who are in gauge with their counterparts, whether premierslking about who are engaged or opposition leaders are canada's business leaders, we are continually engaging in order to put being americans and expand to them that it would be a bad idea to create trade

products mr trudeau also said canada will challenge the terrorists both at the w t o the world trade organization and under chapter twenty of the north american free trade agreement nafta mexico for their part said the tariff targets include u.s. pork cheese lamps and steel the e.u. for its part target a list of products chosen to create maximum political pain for president donald trump and its allies in congress if you trade commissioner cecilia mouth from while taking pains that signal and signaling more regret than anger called the u.s. tariff illegal and said that she will file a dispute settlement case with the w t o in a note of defiance ms mouse room quipped quote when they say american first we say europe united. and now we move to economic sanctions a very easy transition there's a lot of conversation about sanctions including on this broadcast but perhaps not enough time is spent considering the effectiveness of sanctions and here to help us do so is international lawyer and analyst in wilkie and thank you so much for being with us it's a pleasure to have you here give us a

support a joint communique amongst the g seven countries related to free and fair trade and called mr trudeau quote dishonest and weak and on sunday newspaper on the sunday news program president trump director of trade and policy mr peter navarro said of the prime minister that he deserved quote a special place in hell and quote which proves that the current us leader and his staff are certainly not polite nor perhaps reasonable while mr navarro previously said that no country would retaliate against the united states related to trade tariffs canada will be imposing thirteen billion and the european union will impose three billion dollars worth of tariffs on u.s. goods while the truck administration's goal is to reduce tariffs on u.s. goods it's not worked out that way at least so far meanwhile in a matter of hours in singapore president trump and kim jong il of north korea will hold the first ever meeting between leaders of the two countries after seven decades of hostility from the u.s. perspective the talks are an effort to denuclearize north korea and from the north korean perspective th

mr. macron told a news conference flanked by canadian prime minister justin trudeau on thursday. and then mr. macron went to twitter to reiterate that message, tweeting out yesterday, the will to have a text signed by seven countries must not be stronger than the content of that text. on principle, we must not rule out a 6 plus 1 agreement. then he went on to say the american president may not mind being isolated, but neither do we mind signing a six-country agreement if need be because these six countries represent values, they represent an economic market which has the weight of history behind it and which is now a true international force. the drudge banner page this morning, their headline, "macron turns on trump, g7 battles, america first." the president responded on twitter yesterday saying this, please tell prime minister trudaeu and president macron that they are charging the u.s. massive tariffs and create nonmonetary barriers. the eu trade surplus with the u.s. is $151 billion and canada keeps our farmers and others out. look forward to seeing them tomorrow. the presiden

canadian prime minister tried to stab donald trump in the back of the g seven summits it comes after mr trudeau told reporters that don't chance decision to invoke national security as a reason for his still trade tariffs was kind of insulting mike hanna has more. the canadian prime minister declined any further comment in the course of the day here because in a queue leaving it to his foreign minister to reiterate canada's position in the ongoing argument about trade tariffs the national security pretext is absurd and frankly insulting to canadians the closest and strongest ally the united states has habits we can't post a security threat to the united states but advisors doubled down on president trump strong comments treated while waiting to takeoff from kopecks city saturday in which he withdrew from the g seven agreement just minutes after it had been announced by justin trudeau there's a special place in hell for any foreign leader that engages in bad faith diplomacy with president donald trump and then tries to stab them in the back on the way out the door and that's what bad phrasing ju

products mr trudeau also said canada will challenge the terrorists both at the w t o the world trade organization and under chapter twenty of the north american free trade agreement nafta mexico for their part said the tariff targets include u.s. pork cheese lamps and steel the e.u. for its part target a list of products chosen to create maximum political pain for president donald trump and its allies in congress who trade commissioner cecilia mouth from while taking pains that signal and signaling more regret than anger called the u.s. tariff illegal and said that she will file a dispute settlement case with the w t o in a note of defiance ms mouse from quipped quote when they say american first we say europe united. and now we move to economic sanctions a very easy transition there's a lot of conversation about sanctions including on this broadcast but perhaps not enough time is spent considering the effectiveness of sanctions and here to help us do so is international lawyer an analyst in wilkie and thank you so much for being with us it's a pleasure to have you here give us all t

but nine joint communique amongst the g seven countries related to free and fair trade and called mr trudeau quote dishonest and weak and on sunday newspaper on the sunday news program president trump director of trade and policy mr peter navarro said of the prime minister that he deserved quote a special place in hell and quote which proves that the current us leader and his staff are certainly not polite nor perhaps reasonable while mr navarro previously said that no country would retaliate against the united states related to trade tariffs canada will be imposing thirteen billion and the european union will impose three billion dollars worth of tariffs on u.s. goods while the trumpet ministrations goal is to reduce tariffs on u.s. goods it's not worked out that way at least so far meanwhile in a matter of hours in singapore president trump and kim jong il of north korea will hold the first ever meeting between leaders of the two countries after seven decades of hostility from the u.s. perspective the talks are an effort to denuclearize north korea and from the north korean perspective the

mr. trudeau apparently must occupy, did she hear as i saw in her report today that the american delegation maintained that they offered unilateral free trade to all the g-7 -- does she recall that particular conversation? >> i will say to my friend, that he's absolutely right that free trade is one of the best ways for ensuring that developing countries are able to move themselves out of poverty and improve the lot of their population. and it's very important that we continue to advocate it. but there was a discussion about the possibility of completely open and free trade, but open, free and fair trade, and that mean not just a tariff free, but also dismantling barriers to trade and making sure there aren't any anticompetitive, unfair subsidies. >> thank you very much, mr. speaker. with bitter divisions on trade and the imposition of tariffs by the u.s. which are indeed undermining the international rules based order which the prime minister spoke, what impact does she think sh will have on the timing -- she think this will have on the timing and content of any trade deal with the united

and justin trudeau says he's insulted. but i have a feeling that mr. trump wants to take apart these agreements, line by line, country by country. we saw pictures of mr. macron, the french prime minister with mr. trudeau. the question is, will that bromance survive. it will be interesting to see. we'll have angela merkel there. she's still smarting for getting the dressing down a year ago from president trump about not paying a fair share into the nato alliance, her and other european leaders. she's not happy with mr. trump's stand on tariffs. but she will be talking about tariffs on foreign auto imports. she would talk because that could hurt the german economy. and in europe, we have the e.u. working out a messy divorce. president trump feels like he has nothing to lose. there's suggestions that he will cancel. i don't know if that will happen. but he can expect the reception to feel like a january in quebec than june. what we'll get here, we'll get a lot of tough talk. some are calling it the g-1 plus six. we'll get a lot of charts and beautiful pic

i wasjust going to say that mr trudeau did speak of on a front to the canadians who died alongside americanselations? well under mr trump plaza watch it has become quite difficult and his —— mrtrump plaza has become quite difficult and his —— mr trump plaza watch. his rationale for doing something, it is tough to see canada ever invading united states, that happened last in 1812. but the really difficult thing is how this balances out. most steel from canada going into the states has gone by trucks. so this weekend you can have trucks going across the border in buffalo or detroit going to chicago or whatever. and be stopped and demanding cash on the barrel of 25% tariff. 0stensibly the american purchasers are supposed to pay for it. and they do not want to do that. so you may have a combination of rising steel prices. you have given us a great overview there. of what it would do to canada and also to us canadian relations. these tariffs don't kick in until july one. what are steelworkers and seo cubbies been saying to you, what has been getting back to you? the american tariffs apply today.

mr. trudeau, but after other comments, does he walk out of the g7? ed: it is possible. with a nafta. this is a president who has shrugged his shoulders at the rest of the world regarding trade. kevin: the way he could change his mind has much less to do with what allies in canada are saying and more with what republicans in his own party are saying. nejra: to that point, trump summoning 13 gop senators to the oval office for a late afternoon meeting yesterday. what happened? they have been urging him to reconsider what he is going to do on trade, and they are hopeful he would be able to walk back or change course and direction, but we have seen this president be unpredictable in terms of the final outcome. the republican party is not with president trump on trade in congress. tom: thank you so much. it is a joy to bring you this morning a gentleman from the university of robert frost, amherst college. he learned poetry at amherst and went on to a storied career in the hedge fund business here it he joins us now representing citigroup. we have to go political. i thought

mr. trudeau honest and weak in saying the u.s.from its endorsement of the g7 summit's communique. what is the reaction from canada there? >> reporter: you can imagine the reaction publicly was a little bit different than that behind the scenes but here is the first statement saying we as canadians look focused on what we accomplished at the g7 summit but the president saying i've said public and private whatever i said in the press conference is not different. the centerpiece of what donald trump pulled out of over was trade and trying to get progress on that after hours they think they made some progress but the president not taking kindly to justin trudeau's frank comments in that press conference. the president arrived late to that summit. he left early. he crashed the party by trying to suggest that russia should have been included in. above all that, they tried to get some work done. instead they got headlines. that is trump drops a bombshell and unity torpedoed. this started out with trudeau trying to charm president donald

mr. trudeau for acting meek and mild during the meeting. >>> a one-time high-ranking air force captain declared that the server has been arrested. a fake identity fraud investigation led authorities to william howard hughes junior. in a statement the air force office of special investigations said he was taken into custody on wednesday at his home in california but did not reveal the location of the home. he has told authorities he was depressed about being in the air force and decided to leave. he is charged with desertion and is being held at travis air force base. >>> new details on a crash in emeryville. we have learned the people inside the car are tied to a kidnapping case in san francisco. they were being followed by police. we are live in the newsroom. the kidnapping victim managed to escape prior to the crash. >> reporter: that is right, this woman had the wherewithal to escape this dangerous situation. all of this was caught on video and the captors were not so lucky. one woman dead and the suspect who survived is facing serious charges. the horrific scene played out in the intersecti