At G7 Summit Trump Holds Back From Commitment To Paris Agreement About Climate Change, Tweets Final Decision To Come Next Week

The G7 Summit in Sicily, Italy ended on Saturday without U.S. President Donald Trump making a final decision about whether the U.S.  will honor its commitment to the December 2015 Paris Agreement about reducing the impact of climate change which former U.S. President Barack Obama played a leading role endorsing.

President Trump tweeted on Saturday that ” I will make my final decision on the Paris Accord next week!”

On Friday White House economic adviser explained that President Trump’s views on climate change were evolving.

The other 6 countries in the G7 group at the summit renewed their pledge to honor the Paris Agreement which aims to hold the global increase in temperature to well below 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase to 1.5 degree Celsius above pre-industrial levels.

President Trump tweeted that terrorism was first on the list of discussed topics at the G7 meeting.

Concerning global trade and protectionism, Bloomberg cited Italian Prime Minister Paolo who said an “equilibrium point” was found in the shape of a commitment to “keep our markets open and to fight protectionism.”

OnFriday, the Bureau of Economic Analysis reported that real gross GDP increased 1.2 percent in the first quarter of 2017, according to its 2nd estimate.

In the fourth quarter of 2016, real GDP increased 2.1 percent.

President Trump has previously spoken about raising U.S. GDP to 4 percent.

Written and Edited By:

John Schweitzer

@SchweitzFinance

schweitz31@gmail.com


About Johnathan Schweitzer 1469 Articles
Welcome to Schweitz Finance. I hope that my financial website will provide you with relevant market information to help you manage your investments with greater clarity and insight.
Contact: Website