G7 Agrees to Counter Global Economic Imbalances | JQJO

G7 finance ministers concluded two days of talks in Canada, agreeing to address global economic imbalances, particularly targeting China's trade practices. The communiqué notably omitted a defense of free trade and downplayed the war in Ukraine, reflecting a shift in tone from previous years. While further sanctions on Russia were considered contingent on a ceasefire, the statement avoided direct mention of U.S. tariffs, a point of contention. Despite some criticism of the communiqué's lack of specific actions on trade and climate change, officials emphasized the restored focus on global growth and stability.