A few minutes before 7:00 p.m. local time on June 9, officials published the Group of Seven (G7) communiqué of the Charlevoix Summit.
The document suggested leaders had resolved the testy “G6-plus-one”/“G1-plus-six” dynamic that had taken hold a week earlier when finance ministers from Canada, France, Germany, Italy, Japan and the United Kingdom rounded on their American counterpart in Whistler, British Columbia. The meeting’s chair, Canadian Finance Minister Bill Morneau, isolated the United States in the official summary, saying that the protectionist trade policies of President Donald Trump’s administration had put the G7’s history of “collaboration and cooperation” at risk. Unity within the group had never broken down in such a public way.
Leaders avoided such language, finding a compromise that wove Trump’s particular grievances about trade into the communiqué. “We commit to modernize the WTO [World Trade Organization] to make it more fair as soon as possible,” the official statement on the Charlevoix meeting said. “We strive to reduce tariff barriers, non-tariff barriers and subsidies,” the leaders added, while calling for negotiations “this year” to “develop stronger international rules on market-distorting industrial subsidies and trade-distorting actions by state-owned enterprises.”
The peace didn’t last long.
Continue reading at the Centre for International Governance Innovation ...