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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

4 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

Israel and Hamas agree to landmark hostage deal

Israel and Hamas agree to release hostages in U.S.-brokered deal, marking a potential turning point in Gaza conflict.

Published

10 hours ago

October 10, 2025

ticker NEWS

Israel and Hamas agree to release hostages in U.S.-brokered deal, marking a potential turning point in Gaza conflict.

In a major diplomatic breakthrough, Israel and Hamas have agreed to release all remaining Israeli hostages under a U.S.-brokered framework. The deal pairs prisoner exchanges with an Israeli troop pullback and expanded aid access, marking a potential turning point in the two-year Gaza conflict.

The agreement, set for approval by Israel’s cabinet, could pave the way for lasting peace if both sides uphold the terms. It follows weeks of negotiations led by U.S. envoys and regional mediators in Egypt, Qatar, and Türkiye.

As international agencies prepare to facilitate aid and logistics, the world watches to see whether this fragile deal can hold and bring relief to millions affected by the war.

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News

Google leads Australia media tax rankings

Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.

Published

1 day ago

October 9, 2025

ticker NEWS

Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.

Google is currently on the of top of Australian media tax payments, while Netflix, Dentsu, and Singtel pay nothing, sparking a fresh debate over fairness and corporate responsibility in the industry.

#TaxTransparency #Google #Netflix #CorporateResponsibility #AustraliaBusiness