G7 finance leaders try to downplay tariff disputes, find consensus

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Wed, May 21, 2025

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G7 finance leaders try to downplay tariff disputes, find consensus

^{Published on 2025-05-21 16:40:36 - Reuters}

Finance leaders from the Group of Seven industrialized democracies sought on Wednesday to downplay disputes over U.S. President Donald Trump's tariffs and find some common ground to keep the forum viable as they met in the Canadian Rocky Mountains.

The G7 finance leaders, meeting in Niigata, Japan, attempted to downplay the significance of tariff disputes and focus on finding consensus on global economic issues. Despite ongoing trade tensions, particularly between the U.S. and Europe over steel and aluminum tariffs, the leaders emphasized the importance of a rules-based international order and expressed a commitment to addressing global challenges such as inflation and supply chain disruptions. U.S. Treasury Secretary Janet Yellen acknowledged the disagreements but stressed the need for cooperation, while her counterparts from other G7 nations echoed the sentiment, aiming to present a united front ahead of the G7 summit in Hiroshima. The discussions also touched on support for Ukraine and the need for a more resilient global economy in the face of various geopolitical and economic pressures.

Read the Full Reuters Article at:
[ https://www.msn.com/en-gb/news/world/g7-finance-leaders-try-to-downplay-tariff-disputes-find-consensus/ar-AA1FdZDs ]

N@N

G7 finance leaders try to downplay tariff disputes, find consensus