G7 trade ministers set to meet but not discuss latest US tariff threat
Ministers will also weigh critical mineral supplies, e-commerce parcel duties and a stalled World Trade Organization dispute system.
- Group of Seven trade ministers opened a meeting in Paris on Tuesday to discuss global trade priorities, though they do not plan to directly address the latest tariff threat from President Donald Trump.
- The economic repercussions of the Middle East war will likely dominate Tuesday's informal session, as the conflict saw the closure of the Strait of Hormuz, disrupting global oil flows.
- Ministers will also address the paralysis of the World Trade Organization and regulation of cross-border e-commerce, specifically small parcels valued under $800 that previously escaped customs duties.
- United States Trade Representative Jamieson Greer met with Trade Commission Maros Sefcovic, stating the United States views "trade policy primarily as domestic policy" while defending unilateral actions.
- The Group of Seven heads of state will convene for their summit from June 15 to 17 in Evian, along the shore of Lake Geneva, to establish collective economic strategies.
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49 Articles
Trump's new tariff investments on cars manufactured in the European bloc threaten to put the group's unit at risk
G7 ministers discuss trade security and China dependence in Paris
G7 trade ministers were holding a second day of talks in Paris on Wednesday as the global economy faced growing pressure from US tariff threats, war in the Middle East and concerns over dependence on Chinese raw materials.
The Ministers for Economic Affairs and Trade of the G7 Group are meeting today in Paris.
Tioga Publishing
G7 trade ministers meet, not expected to discuss US tariff threat
G7 trade ministers opened a meeting in Paris on Tuesday to discuss issues including critical minerals, but were not expected to directly address the latest US threat to impose additional tariffs on European vehicles.
InsideNoVA.com
G7 trade ministers set to meet but not discuss latest US tariff threat
G7 trade ministers are set to meet in Paris on Tuesday and Wednesday to discuss issues such as critical minerals and small packages but will not directly address the latest US threat to impose additional tariffs on European vehicles.
[Paris, Kyodo] In a joint statement, G7 trade ministers reaffirmed their shared concern about the imbalances in international trade caused by excessive subsidies and other factors. They stated that these factors "persist market distortions and increase economic dependence."
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