President Trump Donald John TrumpBiden on Trump's refusal to commit to peaceful transfer of power: 'What country are we in?' Romney: 'Unthinkable and unacceptable' to not commit to peaceful transition of power Two Louisville police officers shot amid Breonna Taylor grand jury protests MORE on Friday cracked a joke about the roiling trade dispute with Canada during a meeting with the country's prime minister, Justin Trudeau, at the Group of Seven (G-7) summit.

"Justin has agreed to cut all tariffs and all trade barriers between Canada and the United States, so I’m very happy about that," Trump said while sitting beside Trudeau at the G-7 summit in Charlevoix, Quebec.

Trudeau laughed and responded, "So I’d say [the North American Free Trade Agreement] is in good shape."

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The moment injected some humor into what has been a contentious appearance by Trump at the summit.

U.S. allies, including Canada, are furious with the president's decision to impose steep steel and aluminum tariffs on their exports.

French President Emmanuel Macron threatened to isolate Trump by signing a traditional joint statement without him, but the U.S. president predicted that would not happen.

"I think we'll have a joint statement," he said.