G7 Summit Grapples With Middle East Crisis and Trade Tensions
World leaders converge in Kananaskis, Canada, this Sunday for the 51st G7 summit. Discussions will be intense, dominated by the unfolding crisis in the Middle East and a backdrop of trade disputes, with the shadow of former U.S. President Donald Trump looming large.
Mideast Turmoil Takes Center Stage
The G7 summit, running June 15-17, will likely see heated debates. The recent Israeli strikes on Iranian military and nuclear sites have elevated tensions. Leaders will also discuss the ongoing Russia-Ukraine conflict and China’s role on the global stage.
Just another G7 where other countries expect America will always be their bank. The President made it clear today. No more.
— John Bolton (@AmbJohnBolton) June 9, 2018
“There will be tough questions from other leaders around the table to Donald Trump about what went wrong with the negotiations and about what he’s going to do to get Israel to de-escalate before things get worse,”
—Julia Kulik, G7 Research Group
As the G7 convenes, global trade remains a key concern. The summit is taking place as the world grapples with increasing protectionist measures. The World Trade Organization (WTO) estimates that global trade growth slowed to 0.8% in 2023 due to geopolitical tensions and economic uncertainty (WTO Report).
Who’s Coming and What’s on the Table?
Mark Carney, Canada’s Prime Minister, has invited several non-G7 leaders, including Mexican President Claudia Sheinbaum and Indian Prime Minister Narendra Modi. The inclusion of Modi has sparked debate due to strained relations between India and Canada.
Trade tariffs, primarily those set by Trump, will be discussed, though no formal actions are anticipated. The UK has already reached a trade deal with the US. Both the EU and Japan are hoping to reach their own agreements.
Meetings between Trump, European Commission President Ursula von der Leyen, and Japan’s Prime Minister Shigeru Ishiba are scheduled. Additionally, a separate meeting of North American leaders could address trade and border security issues. South Africa’s President Cyril Ramaphosa will also meet with Trump.
