At the G7 summit in Canada, world leaders, including Canadian Prime Minister Mark Carney, are urging President Donald Trump to reconsider his trade war that threatens global economic stability. The summit, which runs from Sunday to Tuesday, sees Europe and Japan facing substantial tariffs under Trump's policies. Despite ongoing tensions and negotiations, including discussions surrounding the North American free trade agreement with Mexico, expectations for a significant breakthrough remain low. US Trade Representative Jamieson Greer is part of the negotiation efforts as nations strive for favorable outcomes before tariff impositions in July.
US Treasury Secretary Scott Bessent stated that the tariffs on countries could be delayed for those negotiating in good faith, reflecting an openness to compromise.
German Chancellor Friedrich Merz outlined a collaborative approach with France and Italy to confront Trump about the longstanding trade threats and escalating tariffs.
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