G7 leaders urge Trump to ease off trade war

Tariffs ‘a tax paid by consumers at home’

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World leaders at the Group of Seven summit in Canada on Monday tried to push US President Donald Trump to back away from his punishing trade war that poses a risk to global economic stability.

At a summit where host Canada hopes to avoid stoking Mr Trump's anger, and with attention on events in the Middle East, leaders still urged the US leader to reverse course on his plans to slap even steeper tariffs on countries across the globe as early as next month.

“Several participants asked to end the tariff dispute as soon as possible. They argued that this dispute weakens the G7’s economies and in the end will only strengthen China,” a senior German official told reporters on condition of anonymity.

The six other countries urged Mr Trump to end his trade conflict as soon as possible, telling him that his protectionist policies were only “damaging to ourselves,” the official added.