US EditionG7 Nations Paper over Differences on Tariffs and Ukraine, Agree to Address 'Imbalances'
- Finance ministers and central bank leaders from the world’s seven major advanced economies convened in Banff, Canada, from May 19 to 21, 2025, to address key global economic challenges.
- The meeting aimed to address unfair economic practices and global imbalances, especially concerns about non-market policies linked to China, though China was not explicitly named.
- Officials agreed on the need for a coordinated approach to promote a level playing field and enhance supply chain resilience while condemning Russia's invasion of Ukraine.
- The communique highlighted efforts to address economic imbalances, noting that uncertainty around economic policies has eased since reaching a high point, and it included a commitment to prevent any country or entity supporting Russia from benefiting financially from the reconstruction of Ukraine.
- The meeting set groundwork for the June G7 summit in Kananaskis, where further sanctions on Russia and continued scrutiny of China's trade practices could be discussed amid persistent trade tensions.
51 Articles
51 Articles
G7 finance chiefs show unity despite tensions over Trump's tariffs
The finance chiefs of the Group of Seven democracies on Thursday showcased their unity in dealing with common challenges ranging from economic imbalances to the future of Ukraine, despite global trade tensions following the imposition of a barrage of tariffs by U.S. President Donald Trump.
G7 Targets China's State-Driven Trade Tactics Without Naming It, Pledging Action Against 'Nonmarket Practices'
Finance ministers and central bankers from the G7, which includes Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, have pledged to tackle “excessive imbalances” in global trade practices after three days of talks in Canada. What Happened: The G7 statement mentions "nonmarket policies and practices", which is a phrase typically used to refer to China's state subsidies and currency management strategies. According …
The Richest Seven Countries of the World Agreed to Counter China's Commercial Practices
The top financial officials of the first seven richest world democracies have left behind major differences in American tariffs and agreed to fight global "economic imbalances", a hit on China's business practices, reports The Guardian.
Meeting in Canada - G7 Finance Ministers Want to Increase Pressure on Moscow
The Finance Ministers of the seven major industrialised countries (G7) want to put Russia under pressure with stricter sanctions if the Kremlin does not agree to a ceasefire in Ukraine. At their meeting in Canada, the G7 also reaffirmed its unwavering support for Kiev.
Radio Free Europe/ RadioLiberty
einnews.comG7 Finance Ministers Agree To Increase Pressure On Russia If There Is No Cease-Fire In Ukraine
Finance ministers and central bank governors from the Group of Seven democracies agreed during a meeting in western Canada that Russia could face further sanctions if it resists a push toward a cease-fire in its war in Ukraine.
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