President Trump, just back from his first Group of 20 summit, is touting his trip to the gathering of world leaders as a “great success for the U.S.”
“Explained that the U.S. must fix the many bad trade deals it has made,” he tweeted early Sunday. “Will get done!”
World leaders were initially wary that the Trump administration’s threat of steel tariffs could spark a global trade war. But after difficult negotiations, they eventually reached an agreement at the summit on trade.
The leaders agreed in the final statement of the G-20 leaders that they would “fight protectionism and all unfair trade practices and recognize the role of legitimate trade defense instruments in this regard.”
They will be tested if Trump decides to go ahead and impose new tariffs on steel.
Trump in the coming days is expected to decide whether to slap new tariffs or other restrictions on steel imports. That action would anger China and other major trading partners.
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BIO: London was responsible for creating the Gallatin School of Individualized Study in 1972 and was its dean until 1992. This school was organized to promote the study of “great books” and classic texts. Herbert London is a graduate of Columbia University, 1960 and the recipient of a Ph.D. from New York University, 1966. Dr. London is a noted social critic whose work has appeared in every major newspaper and journal in the country including such diverse publications as Commentary, National Review, American Spectator, Wall Street Journal, Fortune, Washington Times, New York Magazine, New York Times, Christian Science Monitor, Modern Age, Los Angeles Times, Washington Post, Orbis, Encounter, Forbes, and The New Criterion. He is the author and editor of twenty-seven books (see enclosure) and three plays “My Most Embarrassing Moment”, “A Love That Cannot Speak Its Name” and “Mr. Tin Pan Alley.”
WEBSITE: londoncenter.org
TWITTER: @TheLCPR
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