France’s financial boss Eric Lombard said that a seven group can make progress in dealing with the US differences on dividing issues, including trade, even if officials meet in the next two days and cannot add final communication.
The meeting of ministers and central bankers in Canada is facing a difficult task to avoid conflict by the Minister of Finance Scott Bessnt and find a common ground with the American administration that affects its allies of tariffs. Support for Ukraine and solving the causes of global business imbalance is also on top of the agenda.
“I don’t think we’ll definitely solve any of these objects, but it is clear that we are gradually getting improvements and better understanding,” Lombard told Bloomberg in an interview on Wednesday on the side of the G-7. “I am very practical – the goal is to proceed and if we cannot get communication, we get next time, it is not a problem.”
The aim of Lombard’s comments is to mitigate Brinkmanship at meetings, whose success is usually measured whether a group of advanced economies can agree on a joint statement.
On this occasion, the final agreement on communication is in doubt, because the standard language of obligations to the multilateral system based on the rules is contrary to extensive tariffs stored by Donald Trump.
Lombard tried to drink tension with Washington, which reached its peak early in April, when Trump announced the so -called mutual tariffs to nations around the world before he largely stopped for 90 days.
The French Finance Minister in Banff said that despite the economic aggression against the Allies, he is increasingly confirmed by their obligations for versatile negotiations and global problems, including Besse’s presence at a meeting.
“In fact, after several months of cooperation with this administration, it is clear that we have strong points of agreements in many areas,” Lombard said.
One topic where the group is likely to find at least some consensus is in China, which the G-7 called for not market practices that undermine the economies of other countries last year.
Lombard said that while France is worried about Chinese excessive capacity, it is cautious to focus on one country mainly because of criticism.
“China is an important partner we can work with – the problem of global imbalance is wide,” he said.
This article was generated from an automated news agency without text modifications.
(Tagstotranslate) G7
