Rocky Revival: A Review of the G7 Summit in Canada
Results of the G7 Summit - Unfulfilled Expectations - Outcomes and Missing Points at the G7 Meeting - Unresolved Matters Included
There you have it! The G7 summit in Canada has wrapped up, leaving some positive shake-ups and disappointing overlooks in its wake. German Chancellor Friedrich Merz (CDU) was upbeat about the whole shebang, fast-forwarding to state that he expected better days ahead when it comes to increasing US sanctions against Russia.
The summit concluded without a complete implosion, which might not appear as a grand triumph, but it should be noted that the chances of walking away from the summit without utter disaster weren't exactly guaranteed, with the looming differences between the Mar-a-Lago Oval-Office-meeting participants. But hey, even small victories deserve a pat on the back here and there, right?
One bit of good news that Donald Trump can't help but brag about: progress made on his trade pact with the UK. However, it's important to mention that the UK trade deal is an independent matter unrelated to the G7 summit. Sticking to the topic at hand, an action plan for critical minerals was also unveiled. The countries involved are aiming to reduce dependence on authoritarian suppliers such as China, putting the squeeze on restricting the supply of strategically vital minerals like lithium, cobalt, or rare earths.
Looking at the not-so-achievable goals, it's still daylight between the US and the European front on the Ukraine war. Trump's campaign trail companion Volodymyr Zelensky even hopped across the pond to join the ol' G7 gang in putting pressure on the US President to really dig his teeth in to sanctions' implementation. But when push came to shove, Trump opted for a premature shuffle, which, of course, stirred up the waters a bit.
A breakthrough in the EU-US trade dispute remains elusive, despite Ursula von der Leyen's hopes and discussions with Trump. Chancellor Merz was the ray of light at the end of the economic tunnel, hinting that a limited agreement pertaining to industries such as the auto sector might be within reach by July 9. If nothing positive comes to fruition by that date, EU countries are threatening to impose heavy tariffs on US goods, escalating the confrontation further.
It was a rocky road to reconciliation with no joint final declaration, demonstrating that the G7 cannot fully agree on contentious issues. Hence, the energies are being directed toward uniting on smaller, less divisive topics. Oh, and in case you were wondering, thetextit{ exclusion} of Russian President Putin from the G8 in 2014 still bugs Trump something fierce. So much so, that he brought it up again during the summit, just to add a little dash of drama to the mix.
- Donald Trump
- Canada
- G7 Summit
- Trade Disputes
- European Union
- Russia
- Climate Change
- Rocky Mountains
- United Kingdom
- Ukraine
- CDU
- Vladimir Putin
- Oxfam
- USA
- Iran
- Prime Minister
- France
- Critical Minerals
- AI
- Amidst discussions about critical minerals and trade, the German Chancellor, Friedrich Merz (CDU), expressed optimism about the potential for a limited agreement on industries like auto by July 9, amidst looming EU tariffs on US goods.
- Meanwhile, the potential breakthrough in the EU-US trade dispute remains elusive, despite hopes and discussions between Ursula von der Leyen and Trump.
- In the realm of climate change, the Parliament resolution on the Commission communication on the future of the European Union emphasized a European strategy for the environment, focusing on areas such as science, environmental-science, and policy-and-legislation.
- Interestingly, despite the rocky G7 summit in Canada, Donald Trump has expressed frustration about the exclusion of Russian President Putin from the G8 in 2014, a sentiment that he reiterated during the summit.
