Group of Seven (G7) alliance leaders on Sunday are set to gather in Canada amid an upcoming deadline for President Trump’s tariff policy and an outbreak of conflict in the Middle East.
Leaders from France, Germany, the European Union, the United Kingdom, Japan, Italy, the U.S., and Canada are gathering in Alberta from Sunday through Tuesday. The summit is also President Trump’s first since he came back to office earlier this year.
The president’s 90-day pause on “reciprocal” tariffs on all trading partners ends on July 8, with multiple key trading partners being at the G7 summit, including Japan and the EU.
Treasury Department Secretary Scott Bessent has stated in recent testimony to lawmakers that the early July deadline may have some flexibility for certain countries.
“It is highly likely that for those countries that are negotiating — or trading blocs, in the case of the EU — who are negotiating in good faith, we will roll the date forward to continue the good-faith negotiation,” Bessent said previously. “If someone is not negotiating, then we will not.”
A conflict between Israel and Iran began on Thursday when Israel launched an intense barrage of strikes targeting the Iranian nuclear program and took out multiple high-ranking Iranian officials. The conflict has now stretched into multiple days.
The Trump administration had attempted to come to an agreement with Iran to limit its nuclear capabilities, which Trump has indicated it still might try following the outbreak of conflict. Other world leaders have pushed for de-escalation.
Source: The Hill