US EditionG7 finance ministers to discuss global economy, Ukraine at Banff summit
- Finance chiefs from the seven leading industrialized countries convened in Banff, Alberta, Canada, starting Tuesday for discussions continuing through Thursday focused on the global economy and the situation in Ukraine.
- The meeting follows uncertainty among G7 democracies toward Ukraine after Trump's return to power, with trade tensions shaped by his tariffs looming over discussions.
- Officials including Canadian Finance Minister Champagne and Ukrainian counterpart Marchenko emphasized Ukraine's presence sends a strong message and that trade, reconstruction, and sanctions remain key topics.
- A 10 percent US tariff on most trading partners and threats of higher rates created jitters, while German Finance Minister Klingbeil warned these burdens harm the economy and jobs.
- The G7 seeks a constructive outcome reflecting shared economic understanding and support for Ukraine, though analysts warn of internal tensions and unpredictability affecting consensus.
154 Articles
154 Articles
G-7 Minister of Finance Meeting: Klingbeil's First Trip to the Big World of Figures
The new government is bustling – only the finance minister is conspicuously restraining himself with technical policy. How is he now defeating himself at the G-7 meeting of finance ministers in Canada?
G7 Meeting in Canada: Rehearsal for Klingbeil
In Banff, Canada, Minister of Finance Klingbeil met his G7 colleagues for the first time. The customs dispute and the situation in Ukraine put pressure on the states. How did it go for the SPD boss? By L. Kaufmann and N. Kohnert.
G7 Finance Ministers to Discuss Global Economy, Ukraine at Banff Summit
Top economic officials from the G7 are gathering for a full day of closed-door discussions in Banff, Alta., to examine pressing topics including the global economy and the war in Ukraine. The meeting in the Rocky Mountains, which wraps up Thursday, is a prelude to the G7 leaders summit in June in nearby Kananaskis, Alta. It comes in the wake of global tariffs initiated in early April by the United States, which have caused many countries to reco…
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