国际英语资讯:G7 summit kicks off in Canada amid trade disputes between U.S., allies_时事

国际英语资讯:G7 summit kicks off in Canada amid trade disputes between U.S., allies

However, he said Canada's business community has a "real concern" with how Trump is attacking what should be the goal of having "free and open" trade.

"We've seen a succession of measures taken by the president directed at close allies and friends of the U.S. that are destructive, and that will inflict serious and direct damage on the U.S. economy as well as its partners' economies," said Beatty. "Yet he seems oblivious to the consequences."

A tariff the U.S. Commerce Department imposed earlier this year on Canadian newsprint has increased costs for newspaper publishers and now imperils the fate of local papers across the United States, Beatty said.

The Trump administration has also slapped tougher tariffs on Canada's softwood lumber industry, but that has resulted in driving up the cost of housing and furniture in the United States and making American furniture manufacturers less competitive, Beatty said.

The trade war could heat up further if Trump next targets Canada's auto industry, which exports about 80 percent of the vehicles it manufactures to the United States, or Canada's dairy industry, based on the president's recent tweet that "Canada has treated our Agricultural business and Farmers very poorly for a very long period of time."

All of these actions further erode any hope that the North American Free Trade Agreement, currently under renegotiation by the United States, Canada and Mexico, will survive, according to Beatty.