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G7 leaders end summit with a focus on U.S-China trade tensions, climate, Iran

Click to play video: 'Trudeau calls upon G7 finance ministers to monitor risk to avoid ‘economic hardship’'
Trudeau calls upon G7 finance ministers to monitor risk to avoid ‘economic hardship’
WATCH: Canadian Prime Minister Justin Trudeau called upon the G7 finance ministers to monitor risk and report to world leaders regarding the economy and trade in order to avoid future "economic hardship," he said on Aug. 26 during his closing remarks at the G7 Summit in Biarritz, France. He also called for World Trade Organization reforms for free and fair trade – Aug 26, 2019

G7 leaders closed the 2019 summit with a focus on trade tensions between China and the United States, climate change and relations with Iran.

Here are highlights of the G7 leaders’ closing remarks at a summit in Biarritz, France:

CANADIAN PRIME MINISTER JUSTIN TRUDEAU

On Russia: “The G7 is a gathering of like-minded nations that have committed to moving forward in a positive way for the global economy and Russia’s actions both in Ukraine and in other ways have clearly made it not eligible for partnership in this group of like-minded countries.”

WATCH: Canada to give $15 million, send water bombers to assist in fighting Amazon fires

Click to play video: 'Canada to give $15 million, send water bombers to assist in fighting Amazon fires'
Canada to give $15 million, send water bombers to assist in fighting Amazon fires

On aid for Amazon fires: Canada is offering to help by sending water bombers as well as a financial contribution of C$15 million dollars. We could pretend that the situation in the Amazon is just part of a natural cycle. But that’s not exactly what’s going on here.”

U.S. PRESIDENT DONALD TRUMP

On China: “I think they want to make a deal very badly. I think that was elevated last night.”

“China has taken a very large hit in the last few months. Three million jobs. It will soon be much more than 3 million jobs. Their chain is breaking up like no one has seen before. Once that happens it is very hard to put it back together. I think they very much want to make a deal.”

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“The longer they wait the harder it will be to put it back, if it can be put back at all.”

On Iran: “They have to be good players, if you understand what I mean. They can’t do what they were saying they were going to do, because if they do that, they will be met with really very violent force. So I think they are going to be good.” On an Iran credit line: “No we are not paying, we don’t pay,” Trump said.

“But they may need some money to get them over a very rough patch and if they do need money, and it would be secured by oil …, so we are really talking about a letter of credit. It would be from numerous countries, numerous countries.”

On Britain’s PM Johnson: “I really believe that Boris Johnson will be a great prime minister, we like each other and we had a great two and a half days. I’ve been waiting for him to be prime minister for about six years. I told him ‘what took you so long?'”

On climate change: “We are the number one energy producer in the world. It is tremendous wealth … I am not going to lose that wealth on dreams, on windmills, which frankly are not working that well.”

“I want the cleanest water on earth, I want the cleanest air on earth … I think I know more about the environment than most people”

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FRENCH PRESIDENT EMMANUEL MACRON

On Iran: “Two things are very important for us: Iran must never have nuclear weapons, and this situation should never threaten regional stability.”

“Nothing is set yet and things are still fragile, but technical discussions have started with some real progress.”

“What I have said to (Iranian Foreign Minister Mohammad Javad) Zarif and what I have said by telephone to President Rouhani is that if he accepts a meeting with President Trump, I am convinced that an agreement can be found.”

“What I hope is that in coming weeks, based on these talks, we can manage to make happen a summit between President Rouhani and President Trump.

On WTO: “The G7 wants to overhaul the World Trade Organization in order to more efficiently protect intellectual property, solve disputes more quickly and stop unfair practices.”

“The days of naivete are over but so are the days of trying to solve the problem bilaterally. Joint work is the new way of doing things.”

BRITISH PRIME MINISTER BORIS JOHNSON

On Brexit: “Well I do think that the EU does tend to come to an agreement right at the end.”

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“Clearly for us, the walking away as it were, would come on October 31 when we would take steps to come out on the terms for which we will have by then made absolutely colossal and extensive and fantastic preparations.”

JAPANESE PRIME MINISTER SHINZO ABE

On U.S.-China trade talks: “I hope there will be good results from U.S.-China trade negotiations that will help stabilize the global economy.”

“We will guide economic policy with an eye on the impact [tensions between the U.S. and China] could have on Japan’s economy.”

GERMAN CHANCELLOR ANGELA MERKEL

On Iran: “What unites us, and that is a big step forward, is that we not only don’t want Iran to have nuclear weapons, but also that we (want to) find the solution to that via political means.” On Brexit: “Europe is very much unified in its representation here … we will have some work to do in the autumn on Britain’s exit (from the EU). So we face some busy weeks ahead.”

On talks with Trump: “I renewed my proposal that American firms – small and mid-sized firms – could come to Germany for a conference so that we can better present the German market to the Americans … that (idea) met with approval.”

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