G7 finance ministers express 'disappointment' to US Treasury Secretary Steven Mnuchin over tariffs

G7 finance ministers express 'disappointment' to US Treasury Secretary Steven Mnuchin over tariffs

Top officials from the Group of Seven -- Canada, France, Germany, Italy, Japan and the United Kingdom -- asked US Treasury Secretary Steven Mnuchin to convey their "unanimous concern and disappointment" to the US president, suggesting his recent trade actions could incite uncertainty, dampening the goal of economic growth.

"There was an important difference of opinion," Canadian Finance Minister Bill Morneau told reporters at the closing press conference of the G7 summit in the resort ski town of Whistler, Canada, on Saturday. "The Americans have decided -- in our mind -- to take an action that is not at all constructive. It's actually destructive in our ability to get something done around tariffs on steel and aluminum."