Financial Insights That Matter
Group of Seven finance officials are set to meet for discussions that are expected to be dominated by US tariffs and the impact on the global economy.
The two-day gathering of G7 finance ministers and central bank governors will kick off on Wednesday in Banff, Canada.
The tariffs introduced this year by the administration of US President Donald Trump will likely top the agenda.
Ministers and governors are set to evaluate the risks posed to the global economy and the responses from individual nations.
The agenda includes economic sanctions on Russia over its invasion of Ukraine.
China’s rapid increase in exports of electric vehicles is another topic.
Japan and Europe have raised concerns about the destabilizing effect of overproduction of the EVs.
The challenge for Canada, the current chair of the G7, will be to pull together a united joint statement at the end of the meeting to reaffirm support for free trade.
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