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G-7 leaders discuss trade, seek tariff reductions

G-7 leaders seek trade breakthroughs with Trump, aiming to ease tensions over tariffs and discuss military spending concessions.

Published

8 months ago

June 17, 2025

Ahron Young

G-7 leaders seek trade breakthroughs with Trump, aiming to ease tensions over tariffs and discuss military spending concessions.

In Short:
World leaders are discussing trade and tariff issues with President Trump at the G-7 summit in Canada, focusing on military spending and trade barriers. Despite plans for multiple agreements by July 9, only a limited pact with the UK has been reached as Canada and Mexico push for tariff eliminations.

World leaders are engaging in trade discussions with President Trump during the G-7 summit in Kananaskis, Canada, aiming to address tariff tensions.

Countries including Japan, the EU, Canada, and Mexico are seeking concessions in exchange for reduced tariffs, with talks focused on military spending, action against China, and the reduction of trade barriers.

President Trump noted ongoing discussions with Canadian Prime Minister Mark Carney regarding trade agreements. Despite plans to finalise numerous deals by July 9, only a limited pact with the UK has been reached, while issues surrounding auto, steel, and aluminum tariffs persist.

Steel and aluminium

Canada is advocating for the lifting of tariffs due to its status as a major supplier of steel and aluminum to the U.S. Canadian trade officials, alongside Carney, have engaged directly with Trump’s team to advance negotiations.

Carney highlighted an increase in Canada’s military budget, aligning with NATO spending targets. He aims to rejuvenate trade talks prior to the 2026 review of the USMCA.

Although Mexico is not a G-7 member, President Claudia Sheinbaum was invited. Mexican officials are pushing to eliminate tariffs on steel and aluminum, arguing that trade surplus justifies exemptions.

Discussions regarding auto tariffs remain challenging, particularly with Japan, which relies heavily on vehicle exports to the U.S. Japan is keen on securing similar concessions as those granted to the UK.

News

Ukraine and Russia set for U.S.-brokered peace talks in Abu Dhabi

Published

10 hours ago

February 2, 2026

Harvey Vargas

Ukrainian President Volodymyr Zelenskyy has confirmed that new peace talks with Russia will take place in Abu Dhabi later this week. The discussions are part of U.S.-led efforts to find a path toward ending the ongoing war.

Zelenskyy emphasised that Ukraine is prepared for meaningful dialogue aimed at achieving peace. The announcement comes after weeks of uncertainty over the timing of the meeting.

U.S. special envoy Steve Witkoff described prior discussions with Russian officials as productive, though major disagreements over territorial issues remain unresolved.

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News

Tensions rise as Iran threatens conflict and U.S. increases naval forces

Iran warns of regional conflict, labels European armies terrorists; U.S. boosts naval presence as both sides consider negotiations.

Published

11 hours ago

February 2, 2026

Harvey Vargas

Iran warns of regional conflict, labels European armies terrorists; U.S. boosts naval presence as both sides consider negotiations.

Iran has warned of a potential regional conflict if the U.S. launches an attack, while labelling European armies as terrorists. Supreme Leader Ayatollah Ali Khamenei insisted that threats from President Trump will not intimidate the Iranian people.

The U.S. has ramped up its naval presence in the Middle East in response to mounting threats, amid speculation over Iran’s next moves. Iranian officials have denied claims of imminent naval exercises in the Strait of Hormuz, adding to global uncertainty.

#MiddleEastCrisis #IranUS #Geopolitics #NavalTensions #Trump #AyatollahKhamenei #EuropeanUnion #GlobalConflict

News

Carlos Alcaraz becomes youngest man to complete career Grand Slam

Carlos Alcaraz, at 22, stuns tennis by winning the Australian Open, defeating Djokovic, and celebrating with a kangaroo tattoo.

Published

12 hours ago

February 2, 2026

Harvey Vargas

Carlos Alcaraz, at 22, stuns tennis by winning the Australian Open, defeating Djokovic, and celebrating with a kangaroo tattoo.

Carlos Alcaraz has stunned the tennis world by winning the Australian Open, becoming the youngest man to complete a Career Grand Slam at just 22 years old.

The world number one beat Novak Djokovic in a thrilling four-set match, finishing 2-6, 6-2, 6-3, 7-5. Djokovic missed out on claiming his 25th Grand Slam title. To mark the milestone, Alcaraz revealed he plans to add a new tattoo of a kangaroo on his leg, joining his existing Eiffel Tower and Wimbledon strawberry tattoos.

#CarlosAlcaraz #AustralianOpen #GrandSlam #TennisHistory #NovakDjokovic #SportsNews #TennisTattoo #YoungChampion