G7 Finance Ministers Call for Action on Trade Imbalances as Russia Sanctions Divide US From Allies
- On Tuesday, G7 finance ministers concluded two days of "sometimes difficult" talks in Paris, pledging multilateral cooperation to combat growing economic risks stemming from the Middle East conflict.
- Urging a "swift return to free and safe transit" through the Strait of Hormuz, ministers noted shipping remains severely restricted after Iran imposed an effective blockade at the war's start.
- European officials voiced frustration with a U.S. decision to extend a Russian oil sanctions waiver for 30 days, while criticizing unilateral U.S. and Israeli strikes against Iran for ignoring economic impacts.
- US Treasury Secretary Scott Bessent argued for protections against cheap Chinese imports, as ministers pledged to "deepen and expand our cooperation" on critical minerals to reduce reliance on China.
- The Paris meeting sets the stage for the June summit in Evian, France, chaired by President Emmanuel Macron, which President Donald Trump is expected to attend.
25 Articles
25 Articles
For two days, the finance ministers and central bankers of the G7 countries met in Paris. Among the topics discussed were the war in the Middle East and global macroeconomic imbalances. Very discreet exchanges, to which a team of TF1 was able to attend exclusively. - EXCLUSIVE - Behind the scenes of the G7 Finance Ministers meeting in Paris (International).
G7 Finance Ministers support "multilateral cooperation" in response to the effects of the Middle East war on the world economy.
G7 finance ministers seek common ground despite divisions over Russia and trade
The world's leading economies have pledged renewed multilateral cooperation to tackle growing threats to global economic stability stemming from the war in the Middle East, after high-level talks in Paris that also exposed strains between the United States and several of its allies.
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