Trump Continues to Lash Out at Allies

June 11, 2018 Share Print 0

President Donald Trump lashed out again at U.S. allies Canada and Europe on trade in a Monday morning Twitter post.

The U.S. leader, who is now in Singapore to meet with his North Koreancounterpart, said “Fair Trade is now to be called Fool Trade if it is not Reciprocal,” and called into question the trading relationship between his country and some of its closest allies.

The president also claimed that the U.S. is responsible for most of the cost of the inter-governmental military alliance, the North Atlantic Treaty Organization, to protect “the many of these same countries that rip us off on Trade.”

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Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA

Based in London, Craig Erlam joined OANDA in 2015 as a Market Analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.