CONFIRMING THOSE DETAILS
OBVIOUSLY ON THE DEPARTURE TIMES
FOR BOTH LEADERS.
WELL, WHILE THERE IS EAGER
ANTICIPATION OF THE TRUMP/KIM
SUN IT THIS WEEKEND'S G7 SUMMIT
DIDN'T GO QUITE AS PLANNED HERE
IS WHITE HOUSE TRADE ADVISOR
PETER NAVARRO'S TAKEAWAY OF THE
CONTENTIOUS VISIT TO CANADA.
>> ON THE ISSUE ALONE, WE HAVE
ALLIES STRATEGICALLY BUT WHEN IT
COMES TO THESE TRADE DISPUTES
THESE ALLIES BASICALLY ARE
ROBBING US BLIND, THE PRESIDENT
ISN'T GOING TO PUT UP WITH THAT.
CHERYL: PRESIDENT TRUMP WALKING
AWAY FROM THE TABLE WITH NO
RESOLUTION IN HAND ON THE TRADE
DISPUTE BETWEEN THE U.S. AND
OTHER ALLIES OUR NEXT GUEST IS
NOT ONLY A GLOBAL BUSINESS
LEADER BUT WAS THE FORMER
PRODUCER OF THE WORLD ECONOMIC
FORUM IN DAVOS SWITZERLAND WHERE
SOME OF THE BRIGHTEST AND
RICHEST MINDS GATHER, ONCE A
YEAR, WANT TO WELCOME RICHARD TO
THE PROGRAM.
I MEAN, WHAT WAS YOUR INITIAL
REACTION WHEN DONALD TRUMP LEFT
CANADA AND HE DIDN'T SIGN IT?
>> NOT SURPRISED TO BE HONEST
BECAUSE ONE THING IS SURE, WE'RE
LIVING IN AN UNPREDICTABLE WORLD
AND EVERYTHING COULD HAPPEN,
JUST A FEW SECONDS AGO YOU'RE
HEARING ABOUT THE MEETING IN
SINGAPORE WOULD BE PROBABLY
SHORTER THAN IT WAS EXPECTED AND
WE DON'T KNOW BUT WHAT IS
POSITIVE IS AT LEAST THAT THESE
MEETINGS ARE HAPPENING FACE TO
FACE WHICH IS VERY IMPORTANT.
CHERYL: UH-HUH.
>> WE CANNOT EXPECT IN
SINGAPORE THAT EVERYTHING WILL
BE SOLVED IN FIVE, SIX HOURS,
FEW MONTHS AGO WE'RE CLOSE TO A
WAR WITH NORTH KOREA, SO AT
LEAST THE FACT THAT WE WILL BE
MEETING IS THE BEGINNING OF
BUILDING A RELATIONSHIP I HOPE
WITH TRUST AND CONFIDENCE WITH
TWO PARTS AND TO AT LEAST AGREE
ON THE ROADMAP OF THE NEXT NEW
MONTHS AND TO START THE PROCESS
OF SEVERAL MEETINGS TO ACHIEVE A
GOAL AND THIS IS WHAT HAPPENED
ALSO IN CANADA.
THEY ARRIVED AND WERE TOTALLY AT
THE OPPOSITE ON THIS TRADE ISSUE
CHERYL: SURE AND THEY MADE THAT
VERY CLEAR.
>> I WANT TO GET YOUR REACTION
TO ONE OF THE MANY TREATS THAT
WE GOT FROM THE PRESIDENT OVER
THE WEEKEND LET ME SHOW YOU THIS
ONE AND HERE IS WHAT HE SAID.
FAIR TRADE IS NOW TO BE CALLED
FOOL TRADE IF IT IS NOT
RECIPROCAL.
ACCORDING TO A CANADA RELEASE
THEY MAKE ALMOST $100 BILLION IN
TRADE WITH THE U.S. AND THEY
WERE BRAGGING AND GOT CAUGHT,
TAXED AT 270% AND THEN JUSTIN
ACTS HURT WHEN CALLED OUT
>> YOU KNOW WHAT LET'S SEE WHAT
HAPPENS AT THE VERY BEGINNING OF
THE MEETING HE HAD THE PRIVATE
MEETING WITH PRESIDENT MACRON OF
FRANCE AND THEY WERE TRYING TO
AT LEAST BUILD I WOULD SAY A
GOOD ATMOSPHERE FOR THE
CONVERSATION.
THEY NEGOTIATED ALL NIGHT.
THEY HAD A LOT OF CONVERSATION
AND BOTH PARTIES WERE MAKING AN
EFFORT AND THEN WHEN YOU ARRIVE
VERY CLOSE TO AN AGREEMENT AND
YOU LEAVE WITH A POTENTIAL
AGREEMENT AND YOU ARE IN YOUR
CAR, THE HOST OF THE G7 PRIME
MINISTER TRUDEAU SAYING I WOULD
SAY PURPOSE, SOME I WOULD SAY
MORE ACTING AS A PRIME MINISTER
OF CANADA TO HIS AUDIENCE AND TO
HIS MEDIA, THAN ACTING AS A HOST
OF THE G7 WHERE YOU HAD
POTENTIALLY AN AGREEMENT WHICH
WAS NOT PERFECT BUT IT WAS AN
AGREEMENT SO CERTAINLY I THINK
THE PRESIDENT OVERREACTED AS WE
KNOW HOW PRESIDENT TRUMP
OVERREACTED QUITE OFTEN.
CHERYL: BUT EVEN GERMAN
CHANCELLOR ANGELA MERKEL SAID
SHE WAS DISAPPOINTED WE WON'T
LET OURSELVES BE RIPPED OFF
AGAIN AND AGAIN SO EVEN THOUGH
SHE'S SAID SHE'S DISAPPOINTED
AND SAID IT WAS A SAD MOMENT SHE
SAID WE WON'T TAKE THIS LYING
DOWN, IT'S G6 PLUS ONE.
>> BUT IT WILL NOT BE G6 PLUS
ONE BECAUSE AT LEAST PRESIDENT
TRUMP ATTENDED HIMSELF THE
MEETING, AND HE EVEN CALLED FOR
G-8 NOW.
CHERYL: WITH RUSSIA.
>> WE WOULD NOT BE SURPRISED IF
RUSSIA WOULD BE BACK IN THE
FUTURE OF THE G MEETINGS, AND AT
LEAST I THINK WHAT WAS DISCUSSED
IN CANADA WAS NOT FOR NOTHING.
IT IS A BEGINNING OF NEGOTIATION
YES, WE HAVE MANY THINGS TO
ACHIEVE TO MAKE I WOULD SAY ALL
PARTS WITH AN AGREEMENT BUT I
DON'T THINK THAT ALL THESE
MEETINGS WERE FOR NOTHING FACE
TO FACE MEETINGS ARE CRUCIAL AND
NOTHING WILL HAVE BEEN WITH THIS
VERY DIFFERENT POSITION ON TRADE
, TAXES, IRAN, NUCLEAR
APPROACH, ET CETERA, IN A FEW
HOURS.
THIS IS A PROCESS WE NEED TO BE
PATIENT.
CHERYL: IN NEGOTIATIONS.
I THINK NEGOTIATION BY
DEFINITION IF WE LOOK YEARS AGO,
DID IT HAPPEN IN ONE WEEKEND.
CHERYL: BUT YOU UNDERSTAND,
WE'RE A BUSINESS NETWORK WE'RE
TALKING ABOUT MONEY ON THE TABLE
ABOUT AMERICAN COMPANIES THAT
AND AMERICAN PRODUCTS THAT ARE
SHIPPED OVERSEAS THAT ARE AT
RISK NOW BECAUSE THERE COULD BE
THIS TRADE WAR AND THE MARKETS
WERE REACTING.
>> AND THIS IS WHY THE MARKETS
ARE ALWAYS UP AND DOWN AND UP
AND DOWN DEPENDING OF THE NEWS
YOU'RE GETTING GOOD OR BAD AND
THIS IS WHY THE CANADIAN DOLLARS
I THINK RECENTLY PROBABLY WILL
GO UP AGAIN IN A FEW MONTHS OR