G7 to monitor non-market policies, practices, counter trade imbalances

G7 members would continue to monitor ‘non-market policies and practices’ that contribute to imbalances in global trade, a statement by the grouping said after a meeting of its top finance officials concluded in Canada recently. The statement did not mention the US reciprocal tariffs, but Canadian finance minister Francois-Philippe Champagne said participants did discuss the effects of the tariffs.

May 25, 2025 - 07:05
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G7 to monitor non-market policies, practices, counter trade imbalances
G7 members would continue to monitor ‘non-market policies and practices’ that contribute to imbalances in global trade, a statement by the grouping said after a meeting of its top finance officials concluded in Canada recently. The statement did not mention the US reciprocal tariffs, but Canadian finance minister Francois-Philippe Champagne said participants did discuss the effects of the tariffs.