WHISTLER, British Columbia—Six finance ministers, representing some of the closest allies of the U.S., issued a stern rebuke of the protectionist policies of the administration of President Donald Trump, signaling a deep rift in the relations underpinning the post-World War II trading system.
The ministers of the six non-U.S. members of the Group of Seven industrialized nations—the host Canada, along with France, Germany, the U.K., Italy and Japan—on Saturday issued a joint statement excluding the U.S., and conveying their “unanimous concern and disappointment” with the U.S. decision last week
to impose tariffs on steel and aluminum imported from the European Union, Canada and Mexico.
U.S. Treasury Secretary Steven Mnuchin, speaking to reporters after the meetings, acknowledged the split, saying “there was clearly a consensus from the rest of them” on the issue of trade, adding that he had discussed the meetings on Friday with President Trump. Despite the clash on trade, however, Mr. Mnuchin said: “There were many, many areas, not only do we agree on, we’re completely united on.”
Rarely has the G-7, a club of industrialized nations formed around common interests, issued such strong condemnation of one of its members. Even more unlikely is the fact that the target of the criticism is the U.S., which has done more than any other country to establish the free-trade principles upon which the global economy functions today.
A frequent theme among the non-U.S. members was their distaste over Washington justifying its tariffs on national-security grounds. The White House
has said the tariffs imposed last week—25% on steel and 10% on aluminum—were designed to address the role steel imports have played in undermining the viability of the U.S. steel industry, without which the country would have difficulty mobilizing for its defense.