G7

G7 set to discuss joint response to China curbs on rare earths

The latest spat between the world’s two largest economies has rattled markets in recent days

Washington has called on its allies to impose tariffs on purchasers of Russian oil such as India and China.

G7 nations say they will target those continuing to increase Russian oil purchases

Russia has faced heavy sanctions from Western powers who have been considering ways to restrict financing for its war efforts

At the Brics meeting this week in Brazil, leaders jointly condemned the "indiscriminate rising of tariffs", in a swipe at US President Donald Trump’s trade policy.
THE BOTTOM LINE

The developing world’s G7 would like a word

The real lesson of the Rio Brics summit is that it isn’t meant to be a forum to be anti-American, but a place where countries bid to lead the Global South

Nearly 140 countries struck a deal in 2021 to tax multinational companies, an agreement negotiated under the auspices of the OECD.

G7 agrees to exempt US multinationals from global minimum tax

The agreement is in part due to ‘recently proposed changes to the US international tax system’ included in Trump’s signature domestic policy bill

US President Donald Trump has repeatedly declined to say if the United States would participate in Israeli military action, although he says it was not involved in initial strikes.

G7 urges Middle East de-escalation as Trump makes hasty summit exit

[KANANASKIS, Alberta] G7 leaders on Monday (Jun 16) called for “de-escalation” in the Middle East starting with the Israel-Iran conflict, as US President Donald Trump hastily left the group’s summit.

The G7 represents 44% of global gross domestic product.
THINKING ALOUD

Whither the G7 (now G6?) summit

WHAT is the G7– the elite grouping of advanced economies – good for? Conventional wisdom has it that this is about setting the economic direction for everyone else. Trade, international security, clim...

China accounts for almost 70% of the world’s production of rare earths.

G7 works to secure critical minerals in face of China curbs

The Group of Seven is composed of the US, Canada, Japan, Germany, the UK, France, and Italy, as well as the European Union

US President Trump said G7 had been wrong to kick out Russia in 2014 after it annexed Crimea.

G7 leaders struggle for unity over Trump‘s Russia comments, tariff policy

[KANANASKIS, Alberta] Group of Seven leaders faced early challenges during meetings in Canada on Monday as US President Donald Trump said removing Russia from the former Group of Eight over a decade a...

US President Donald Trump has long considered such summits tedious, and used them to pick fights with fellow leaders.

Trump returns to G7 he once loathed as Iran crisis intensifies

Leaders are not preparing a joint communique this time around given that differences are too large on everything from climate change to artificial intelligence to women’s empowerment

Diplomats say that Canada has ditched the idea of a traditional comprehensive joint communique and would issue chair summaries instead, in hopes of containing a disaster and maintaining engagement with the US.

G7 leaders meet in Canada hoping to avoid Trump clash

[BANFF, Alberta] Group of Seven (G7) leaders gather in the Canadian Rockies starting on Sunday (Jun 15) amid growing splits with the United States over foreign policy and trade, with host Canada striv...