PICTURE: Trump sits defiant against G7 leaders

Investors have called on the G7 to phase out coal generation all together

Investors have called on the G7 to phase out coal generation all together

United States president Donald Trump took more swipes at Canada and its prime minister over trade issues as he settled in for a multi-day summit with North Korea in Singapore, contending that "fair trade is now to be called fool trade if it is not reciprocal".

"We have a very good relationship with President Trump, we work with President Trump, the United Kingdom has a very good relationship with the USA", she said. Or we'll stop trading with them.

Unbowed, Trump tweeted anew Monday morning from Singapore, repeating his criticism of US trade policies with Canada - he also took aim at Germany - in a multitweet rant that went beyond 200 words all told.

At the G-7 summit, Trump's spokeswoman, Sarah Huckabee Sanders, said the US was "close to a deal" on NAFTA.

However, one photograph perhaps best summed up the fraught mood of the Group of Seven summit, and was, in fact, shared on of German Chancellor Angela Merkel's Instagram account.

After leaving the G7 summit on Saturday, Trump accused the Canadian Prime Minister Justin Trudeau of "false statements" and said the U.S. would be imposing tariffs on auto imports.

Trudeau had told reporters that Trump's decision to invoke national security to justify USA tariffs on steel and aluminum imports was "kind of insulting" to Canadian veterans who had stood by their U.S. allies in conflicts dating back to World War I. These differences need to be sorted out and in addition, India could also lower taxes on American products, increase its imports from the U.S. and in exchange seek greater exports to the US.

She said the European Union would "act" against the USA trade measures, which European leaders regard as going against the rules of the World Trade Organization. "The Prime Minister said nothing he hasn't said before - both in public, and in private conversations with the president".

"But we start from strength and that is working with our closest allies".

Canadian Prime Minister Justin Trudeau announced Saturday that all G7 members had endorsed a joint communique.

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With Microsoft's backing, the new studios, will have the resources to "take bigger risks" and "create bigger worlds", he said. That's especially true given the company's recent focus on the cloud and the abandonment of the phone hardware market.

"That's what matters", he wrote. "Despite the completely incomprehensible reaction of the American president, Germany remains a close partner and ally of the USA.

Global cooperation can not depend on fits of anger or little words".

That means Trump "is right to a certain extent" when he criticizes Germany for spending only 1.3% of economic output on defence, Merkel said.

Her interview came about a day after Trump refused to endorse the G7 summit's communique that called for reducing tariff barriers.

Officials from European delegations quickly leaked copies of the joint statement, and it was published online moments before Trump tweeted.

He told CNN's Jake Tapper that "of course" Trump's tweets about Trudeau actually had to do with North Korea "in large part". "And a great gentleman called me from India and he said, we have just reduced the tariff on motorcycles, reduced it down to 50 per cent from 75, and even 100 per cent", he said.

"We spent two days to obtain a text and commitments". "We commit to modernise the WTO to make it more fair as soon as possible".

"You know, I think this is a case of 'kick the dog, ' " said Fen Hampson, a political scientist at Carleton University in Ottawa.

Trump also pitched for a "reciprocal tax" on countries that he said "abuse" their trade relationships with the US.

"The European Union is brutal to the United States". And add to that the fact that the USA pays close to the entire cost of NATO-protecting many of these same countries that rip us off on Trade (they pay only a fraction of the cost-and laugh!).

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