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G7 leaders push Trump on trade as talks continue | Economy News


Managers are also torn apart on a declaration calling for de -escalation between Iran and Israel

World leaders gathered this week Group of Seven Summit in Canada will try to push the American president Donald Trump to withdraw from his punitive trade war, which, according to experts, presents a risk for global economic stability.

Most countries represented at the G7 are already subject to the reference rate of 10% of Trump with more to come. European countries and Japan face additional samples from cars and steel and aluminum. The G7 consists of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.

Arrived for a meeting with the host, Canadian Prime Minister Mark Carney, Trump said that trade would be the “main objective” of the summit, which started on Sunday and takes place until Tuesday.

The commercial question is particularly interesting for Canada after the Trump administration has announced several additional debits on Canadian products in recent months.

Mexican president Claudia Sheinbaum was invited to the top and will have her own face-to-face time with Trump while her country is trying to renegotiate her three-American free trade agreement, which also includes Canada.

Although the summit ends with the summit with a breakthrough in the trade negotiations between the United States and the rest of the world, the US trade representative Jamieson Greer is part of the Trump delegation.

Dozens of countries are locked in negotiations with the Trump administration to win a kind of trade agreement before the United States imposed priced prices, threatened for July.

Last week, the Secretary in the United States of the Treasury, Scott Bessent, said that the date could be postponed later for the countries that thought of negotiating in good faith.

The German Chancellor Friedrich Merz told journalists that he would team up with his counterparts from France and Italy to discuss the American commercial threat directly with Trump.

“”[French President] Emmanuel Macron, [Italian Prime Minister] Giorgia Meloni and I are firmly resolved to try, over the next two days, to speak again with the American government to see if we can find a solution, “Merz told journalists.

“There will be no solution to this summit, but we may be able to get closer to a solution in small steps,” he added.

The European Commission manages commercial negotiations for the European Union of 27 countries and the head of the block, Maros Sefcovic, also attended the summit, accompanying the delegation of the president of the Ursula von der Leyen commission.

Shortly after his arrival at the top, Von Der Leyen called on Monday to “keep the trade between us, predictable and open” in a veiled plea for Trump to move back from his price.

British Prime Minister Keir Starmer said he would talk about the implementation of the United Kingdom’s trade agreement with the United States during his individual with Trump.

The United Kingdom in May was the first country to sign a preliminary agreement with Washington to avoid deeper prices, although the basic levy of 10% remains in place.

Starmer said the agreement was in his last steps and that he expects him to be finished “very soon”.

Trade negotiations underlined by Iran and Israel

Trade discussions come growing tensions between Israel and Iran As the two countries exchange attacks. Monday, An Israeli air strike hit Iranian state television Midbroadcast station. Calls for de -escalation were a point of contention at the meeting, according to James Bay of Al Jazeera.

“The problem with the G7 is that you have a range of views. You have President Trump at one end, which seems to not sign a declaration on de -escalation. You have the Europeans, who said” de -escalation “since this current situation began on Friday,” said Bay.

“Japan was very different from other countries. It was very, very strong in its condemnation of Israel’s attack on Iran, so you can just see in the G7 a wide range of opinions,” said Bay.



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