G7 Nations Paper over Differences on Tariffs and Ukraine, Agree to Address 'Imbalances'

G7 finance chiefs show unity despite tensions over Trump's tariffs

The finance chiefs of the Group of Seven democracies on Thursday showcased their unity in dealing with common challenges ranging from economic imbalances to the future of Ukraine, despite global trade tensions following the imposition of a barrage of tariffs by U.S. President Donald Trump.

G7 Targets China's State-Driven Trade Tactics Without Naming It, Pledging Action Against 'Nonmarket Practices'

Finance ministers and central bankers from the G7, which includes Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, have pledged to tackle “excessive imbalances” in global trade practices after three days of talks in Canada. What Happened: The G7 statement mentions "nonmarket policies and practices", which is a phrase typically used to refer to China's state subsidies and currency management strategies. According …

How G7 nations plan to counter China and ‘global economic imbalances’

While not naming China explicitly, the G7 nations have vowed to work “united” to counter global economic balances. 

The top financial officials of the first seven richest world democracies have left behind major differences in American tariffs and agreed to fight global "economic imbalances", a hit on China's business practices, reports The Guardian.

The Finance Ministers of the seven major industrialised countries (G7) want to put Russia under pressure with stricter sanctions if the Kremlin does not agree to a ceasefire in Ukraine. At their meeting in Canada, the G7 also reaffirmed its unwavering support for Kiev.

G7 Finance Ministers Agree To Increase Pressure On Russia If There Is No Cease-Fire In Ukraine

Finance ministers and central bank governors from the Group of Seven democracies agreed during a meeting in western Canada that Russia could face further sanctions if it resists a push toward a cease-fire in its war in Ukraine.