Canadian Finance Minister François-Philippe Champagne said Thursday that tariffs were a key point of discussion during the G7 finance ministers’ meeting, despite the issue being omitted from the final communique.
“They are not skating around the fact that tariffs are an issue,” Champagne told reporters at a press briefing following the conclusion of the summit. The finance minister, who also chaired this year’s G7 finance leaders’ meeting, emphasized that tariffs were part of broader conversations on global economic stability and growth.
The summit took place under the shadow of renewed trade tensions sparked by U.S. President Donald Trump’s tariff measures, which have targeted Canada and other G7 members. The escalating tariff regime has begun to impact G7 economies and challenge the existing framework of global trade cooperation.
With U.S. Treasury Secretary Scott Bessent in attendance, observers had speculated whether the finance leaders would be able to find common ground on trade policy. While the official communique avoided direct reference to tariffs, Champagne made clear that the topic was “something you can’t avoid discussing.”
“We are trying to enhance growth and stability, and obviously tariffs are something in that context that you can't avoid discussing,” he said.
The meeting highlighted ongoing concerns among G7 members about the fragmentation of the global trade order and the economic toll of protectionist policies, even as the group seeks to maintain a united front on financial and economic issues.
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Iran’s foreign minister Abbas Araqchi declared that the United States would bear legal responsibility if Israel launches an attack on Iranian nuclear facilities, amid reports of potential Israeli military action and ongoing nuclear negotiations in Rome.
A rare naval misstep has shaken North Korea’s tightly choreographed military image, prompting an urgent internal probe and public scolding from Kim Jong Un.
The 7th Ethnosport Culture Festival kicked off in Istanbul with Azerbaijan’s 100-member team and famed Karabakh horses drawing major attention.
Iran’s foreign minister Abbas Araqchi declared that the United States would bear legal responsibility if Israel launches an attack on Iranian nuclear facilities, amid reports of potential Israeli military action and ongoing nuclear negotiations in Rome.
A rare naval misstep has shaken North Korea’s tightly choreographed military image, prompting an urgent internal probe and public scolding from Kim Jong Un.
Baku hosted the 6th plenary meeting of the UN’s GlobE Network, gathering anti-corruption officials from 92 countries to strengthen global cooperation and chart the network’s next steps.
The suspect in the fatal shooting of two Israeli embassy aides in Washington has been charged with first-degree murder, the U.S. Justice Department confirmed.
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