G7 Summit Opening French President and other Calls for Avoiding Trade War

category:Finance
 G7 Summit Opening French President and other Calls for Avoiding Trade War


Combating inequality is the theme set by France, the rotating presidency, for this summit. Participants will explore how to address gender, education and health inequalities. In addition, the global economy and trade, Iran, climate change and other issues are also the summit topics.

Speaking before the opening of the summit on May 24, Marklong said he hoped the leaders of the seven countries would realize that tensions, especially trade tensions, are harmful to the whole world. We should work to ease tensions, avoid trade wars and revive global economic growth, he said.

British Prime Minister Johnson said the same day that he would persuade President Trump not to engage in a trade war, which has destabilized the global economy. Faced with the rise of trade protectionism and tariff increases, I am very worried about the current situation, Johnson said.

Tusk, President of the European Council, said Thursday that the trade war must stop and that if the United States uses tariffs for political reasons, it will endanger the whole world. Trade agreements and WTO reforms are better than trade wars, he said. Trade wars will lead to recession, and trade agreements will boost the economy.

Source: Liu Song_NBJ9949, Responsible Editor of Xinhua