US EditionG7 finance ministers to discuss global economy, Ukraine at Banff summit
- Officials responsible for finance and monetary policy from the Group of Seven countries convened for a three-day meeting beginning May 20, 2025, in Banff, Alberta, Canada, to address global economic challenges, including issues related to Ukraine.
- The meeting was prompted by ongoing trade tensions caused by US tariffs on steel, aluminum, and other imports that threaten global growth and have unsettled G7 unity since January.
- Canadian Finance Minister Francois-Philippe Champagne led discussions focused on restoring economic stability, advancing support for Ukraine, and addressing challenges such as non-market trade practices.
- Champagne described the current period as a pivotal time for both the G7 and the global economy, highlighting that economic leaders are engaging in honest and transparent discussions, while US Treasury Secretary Scott Bessent stressed the importance of tackling global economic imbalances.
- The summit aims to set expectations for next month's G7 leaders meeting in Kananaskis while no immediate trade resolutions are expected, and continued support for Ukraine remains a priority.
190 Articles
190 Articles
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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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