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Global trade will be the focus on next week’s G7 summit, with world leaders gathering Albert, including US President Donald Trump, who will be performing for the first time in a big international event since returning to the White House in January.
Experts and ambassadors express some optimism that this type of event could be the creator of the difference to persuade Trump to reduce the amount of tariffs charged on imports in the US
All possible concessions on the trading front are welcomed by countries such as Canada, which are facing economic difficulties due to tariffs.
“This is Question 1,” said John Kirton, director of the G7 Study Group at the University of Toronto.
Wednesday CBC News and Reported radio-canada This conversation between Prime Minister Mark Carnia and Donald Trump is sufficiently developed to exchange the draft economic and security agreement between the Prime Minister’s office and the White House.
Ottawa has been reinforcing efforts in recent weeks to reach an agreement before the end of the G7 summit.
Global trade has slowed down thanks to Trump’s announced continuously changing tariffs that are targeted at different countries and also certain materials such as steel and aluminum. In response, many countries, including Canada, have adopted their own tariffs.
Canada’s unemployment rate has risen to seven percent, which economists say is a sign that the trade war with the US is charged in the labor market, especially in the industry.
Trade and tariffs are “to take or stop” the question that will determine whether a senior meeting in the village of Alberta Rocky Mountain in the country in the country is successful or not, Kirton said.
For the time being, he hopes that meetings and conversations of different leaders could give one -on -one results.
“(Trump) likes to win big wins, and other G7 executives are smart enough to conclude contracts that are real victories,” Kirton said, pointing out how countries could commit to defense spending and other commitments to lower tariffs on imports in the US
World leaders, including Karnia, Trump and leaders from France, Germany, Italy, Japan and the United Kingdom, as well as the European Union, meet Alberta from 15 to 17 June on talks on various other issues, including climate change and technology management rapidly developing.
The summit is a high -level event, but it is only related to a few world leaders who are noteworthy, said Gary Mar, the Executive Director of the West Foundation, the West Foundation, Albert -based Ideas Laboratory.
“One of the reasons why the G7 is effective is because it is a small group. It’s small enough, that it is concentrated and can really be productive,” said Mar, who was part of the hospitable party at Calgary Airport when the world leaders arrived at the last summit in 2002.
Trade was far from being controversial during this gathering, but rather advertised as the deep influence of economic growth and development worldwide.
At that time, US President George Bush even emphasized the value of Canada during the opening press conference.
“We have a significant relationship together. It’s a dynamic, positive friendship,” Bush said. “Trade is in our best interest. Sometimes there are some problems, but we have a relationship where we can be very open about it and try to develop them.”
The 2002 summit took place less than 12 months after the terrorist attack on the Pentagon and the World Trade Center, so the focus was on discussing the war against terrorism and responding to the threat of weapons of mass destruction.
Geopolitical tensions and conflicts are expected to be one of the speaking points this year’s G7, but the tariff situation may be on the agenda.
The trade policy needs to be discussed urgently, said Mathias Lüttenberg, the German Ambassador to Canada at a recent event in Calgary to discuss the G7.
Free trade and open German markets are “one of the most important pillars of our economic worldview, and is the basis for prosperity and sustainable growth for all of us,” he said.
The G7 plays an important role, and the summit has a value to get the results on global issues, said Lüttenberg, the mood shared by other ambassadors attending the G7 event.
“We know how it works and we have already achieved so much together. And not only are I talking about leader statements, but it is also practical work,” he explained, pointing out the example of how the G7 agreed on certain sanctions against Russia after its invasion of Ukraine, while working on how to help Ukraine restore.
Global economic growth slows down more than expected just a few months ago as a result of the Trade War of the Trade Administration, the Organization for Economic Cooperation and Development said earlier this month.
The global economy has been slowed from 3.3 percent last year to 2.9 percent in 2025 due to tariff precipitation, agency Said, reducing your calculations from March to 3.1 percent this year.
