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He said he suggested cutting all of the tariffs, duties and even government subsidies among the G7 countries, and said other leaders would "go back to the drawing board and check it out."

Donald Trump: Top economies should drop all tariffs →

The G7 nations issued a statement from the finance leaders of Canada, the United Kingdom, Japan, France, Italy and Germany conveying their "unanimous concern and disappointment" about the steel and aluminum tariffs.

Koch-funded groups launch broad campaign to oppose tariffs →