Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Vietnam’s leader heads to North Korea for first visit in 18 years to rebalance relations

October 9, 2025

Hong Kong stocks fall on disappointing ‘golden week’ retail sales in China

October 9, 2025

Stablecoins set to boost US dollar demand by US$1.4 trillion by 2027: JPMorgan

October 9, 2025
Facebook X (Twitter) Instagram
Thursday, October 9
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » G7 leaders try to salvage a summit without Trump
Europe

G7 leaders try to salvage a summit without Trump

adminBy adminJune 17, 2025No Comments6 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 44


KANANASKIS, Alberta (AP) — Six of the Group of Seven leaders are trying on the final day of their Tuesday to show the wealthy nations’ club still has the clout to shape world events despite the early departure of President Donald Trump.

Prime Minister Mark Carney and his counterparts from the U.K., France, Germany, Italy and Japan will be joined by Ukrainian President Volodymyr Zelenskyy and NATO chief Mark Rutte to discuss Russia’s relentless war on its neighbor.

World leaders had gathered in Canada with the specific goal of helping to defuse a series of pressure points, only to be disrupted by a showdown over Iran’s nuclear program that could escalate in dangerous and uncontrollable ways. Israel launched an aerial bombardment campaign against Iran on Friday, and Iran has hit back with missiles and drones.

France's President Emmanuel Macron, Canada's Prime Minister Mark Carney, President Donald Trump and Britain's Prime Minister Keir Starmer, arrive for a group photo at the G7 Summit, Monday, June 16, 2025, in Kananaskis, Canada. (AP Photo/Mark Schiefelbein)

France’s President Emmanuel Macron, Canada’s Prime Minister Mark Carney, President Donald Trump and Britain’s Prime Minister Keir Starmer, arrive for a group photo at the G7 Summit, Monday, June 16, 2025, in Kananaskis, Canada. (AP Photo/Mark Schiefelbein)

France’s President Emmanuel Macron, Canada’s Prime Minister Mark Carney, President Donald Trump and Britain’s Prime Minister Keir Starmer, arrive for a group photo at the G7 Summit, Monday, June 16, 2025, in Kananaskis, Canada. (AP Photo/Mark Schiefelbein)

Read More

Trump left the summit in the Canadian Rocky Mountain resort of Kananaskis a day early late Monday, saying: “I have to be back, very important.” It came as conflict between Israel and Iran intensifies and the U.S. leader declared that Tehran should be evacuated “immediately” — while also expressing optimism about a deal to stop the violence.

Before leaving, Trump joined the other leaders in issuing a statement saying Iran “can never have a nuclear weapon” and calling for a “de-escalation of hostilities in the Middle East, including a ceasefire in Gaza.” Getting unanimity — even on a short and broadly worded statement — was a modest measure of success for the group.

At the summit, Trump warned that Tehran needs to curb its nuclear program before it’s “too late.” He said Iranian leaders would “like to talk” but they had already had 60 days to reach an agreement on their nuclear ambitions and failed to do so before the Israeli aerial assault began. “They have to make a deal,” he said.

Asked what it would take for the U.S. to get involved in the conflict militarily, Trump said Monday morning, “I don’t want to talk about that.“

But by Monday afternoon, Trump warned ominously on social media, “Everyone should immediately evacuate Tehran!” Shortly after that, Trump decided to leave the summit and skip a series of Tuesday meetings that would address the war in Ukraine and trade issues.

The sudden departure only heightened the drama of a world that seems on verge of several firestorms. Trump already has imposed severe tariffs on multiple nations that risk a global economic slowdown. There has been little progress on settling the wars in Ukraine and Gaza.

Trump’s stance on Ukraine puts him fundamentally at odds with the other G7 leaders, who back Ukraine and are clear that Russia is the aggressor in the war.

Canada's Prime Minister Mark Carney talks with President Donald Trump before a group photo at the G7 Summit, Monday, June 16, 2025, in Kananaskis, Canada. (AP Photo/Mark Schiefelbein)

Canada’s Prime Minister Mark Carney talks with President Donald Trump before a group photo at the G7 Summit, Monday, June 16, 2025, in Kananaskis, Canada. (AP Photo/Mark Schiefelbein)

Canada’s Prime Minister Mark Carney talks with President Donald Trump before a group photo at the G7 Summit, Monday, June 16, 2025, in Kananaskis, Canada. (AP Photo/Mark Schiefelbein)

Read More

The U.S. president on Monday suggested there would have been no war if G7 members hadn’t expelled Putin from the organization in 2014 for annexing Crimea.

Trump on Monday demurred when asked if he supported Russia, saying “I only care about saving lives.”

With talks on ending the war at an impasse, Starmer said Britain and other G7 members were slapping new tariffs on Russia in a bid to get it to the ceasefire negotiating table. Ukraine’s President Volodymyr Zelenskyy is due to attend the summit Tuesday at Carney’s invitation, along with other leaders including Indian Prime Minister Narendra Modi and NATO chief Mark Rutte.

Trump declined to join in the sanctions on Russia, saying he would wait until Europe did so first.

“When I sanction a country that costs the U.S. a lot of money, a tremendous amount of money,” he said.

Trump had been scheduled before his departure to meet with Zelenskyy and with Mexican President Claudia Sheinbaum.

On the Middle East, Merz told reporters that Germany was planning to draw up a final communique proposal on the Israel-Iran conflict that will stress that “Iran must under no circumstances be allowed to acquire nuclear weapons-capable material.”

European Council President Antonio Costa, from left, Japan's Prime Minister Shigeru Ishiba, Italian Prime Minister Giorgia Meloni, French President Emmanuel Macron, Canada's Prime Minister Mark Carney, U.S. President Donald Trump, Britain's Prime Minister Keir Starmer, German Chancellor Friedrich Merz and European Commission President Ursula von der Leyen pose for a family photo during the G7 Summit, in Kananaskis, Alberta, Monday, June 16, 2025. (Suzanne Plunkett/Pool Photo via AP)

European Council President Antonio Costa, from left, Japan’s Prime Minister Shigeru Ishiba, Italian Prime Minister Giorgia Meloni, French President Emmanuel Macron, Canada’s Prime Minister Mark Carney, U.S. President Donald Trump, Britain’s Prime Minister Keir Starmer, German Chancellor Friedrich Merz and European Commission President Ursula von der Leyen pose for a family photo during the G7 Summit, in Kananaskis, Alberta, Monday, June 16, 2025. (Suzanne Plunkett/Pool Photo via AP)

European Council President Antonio Costa, from left, Japan’s Prime Minister Shigeru Ishiba, Italian Prime Minister Giorgia Meloni, French President Emmanuel Macron, Canada’s Prime Minister Mark Carney, U.S. President Donald Trump, Britain’s Prime Minister Keir Starmer, German Chancellor Friedrich Merz and European Commission President Ursula von der Leyen pose for a family photo during the G7 Summit, in Kananaskis, Alberta, Monday, June 16, 2025. (Suzanne Plunkett/Pool Photo via AP)

Read More

Trump also seemed to put a greater priority on addressing his grievances with other nations’ trade policies than on collaboration with G7 allies. The U.S. president has imposed 50% tariffs on steel and aluminum as well as 25% tariffs on autos. Trump is also charging a 10% tax on imports from most countries, though he could raise rates on July 9, after the 90-day negotiating period set by him would expire.

He announced with Starmer that they had signed a trade framework Monday that was previously announced in May, with Trump saying that British trade was “very well protected’ because ”I like them, that’s why. That’s their ultimate protection.”

___

Associated Press writers Will Weissert in Banff, Alberta, and Josh Boak in Calgary, Alberta, contributed to this story.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Europe

Manchester synagogue attacker claimed allegiance to Islamic State group, police say

October 8, 2025
Europe

How Nobel Prize winners learned they won

October 8, 2025
Europe

El Paso bishop brings migrant letters to Pope Leo XIV from immigration crackdown

October 8, 2025
Europe

Russian strike seriously damages Ukrainian power plant as winter approaches, officials say

October 8, 2025
Europe

EU pushes back on Russian airspace breaches and cyberattacks

October 8, 2025
Europe

French eyes are on Macron’s next move in political crisis

October 8, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Jewellery industry in crisis as gold rises – Business & Finance

October 9, 2025

PAC panel reviews audit objections related to Ministry of IT, PAEC – Business & Finance

October 9, 2025

Economy expands to USD407.2bn: NAC – Business & Finance

October 9, 2025

World economy not doing as bad as feared, IMF chief says – Business & Finance

October 8, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Vietnam’s leader heads to North Korea for first visit in 18 years to rebalance relations
  • Hong Kong stocks fall on disappointing ‘golden week’ retail sales in China
  • Stablecoins set to boost US dollar demand by US$1.4 trillion by 2027: JPMorgan
  • Jewellery industry in crisis as gold rises – Business & Finance
  • CK Life unit merges with TransCode as Li Ka-shing firm eyes anticancer drugs pipeline

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Vietnam’s leader heads to North Korea for first visit in 18 years to rebalance relations

October 9, 2025

Hong Kong stocks fall on disappointing ‘golden week’ retail sales in China

October 9, 2025

Stablecoins set to boost US dollar demand by US$1.4 trillion by 2027: JPMorgan

October 9, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • October 2025
  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.