Trump’s trade tensions dominate G-7 summit

At the G-7 summit in Canada, global leaders are grappling with major issues, including President Donald Trump’s trade policies. His push for tariffs is causing worry among allies, as it could spark a wider trade conflict. Bloomberg’s Nick Wadhams and David Gura report that these trade disputes are a key focus, alongside other global concerns like the Israel-Iran conflict.

Trump’s tariff threats are creating uncertainty for countries like Canada, Japan, and the European Union. Leaders are trying to negotiate deals to avoid new trade barriers, but progress is slow. For example, talks with Japan’s Prime Minister Shigeru Ishiba didn’t result in an agreement, raising fears of economic strain for Japan. Meanwhile, Canada’s Prime Minister Mark Carney is hopeful about reaching a trade deal with the U.S. soon.

The summit also faces challenges from the Middle East crisis, which has led Trump to cut his visit short. His abrupt departure to address the Israel-Iran tensions highlights the balancing act leaders face between trade and geopolitical issues.

Despite these distractions, the G-7 nations are under pressure to show unity and find solutions. Trade talks remain critical, as Trump’s policies could reshape global markets. Allies are cautiously navigating his demands, hoping to avoid a full-blown trade war. The summit’s outcomes will likely influence economic ties and global stability in the months ahead.