High-ranking officials from major economies are convening in Banff for a summit addressing pressing issues, including the global economy and the ongoing war in Ukraine. As the U.S. adopts tariff strategies to bolster domestic industry, countries are reevaluating their trade relationships. The meeting serves as a crucial precursor to the G7 leaders' summit in Kananaskis, where collaborations on economic challenges and stability amidst rising tensions will be highlighted. Canadian officials and U.S. Treasury representatives are leading discussions aimed at addressing these global economic concerns.
U.S. Treasury Secretary Scott Bessent will focus on addressing global economic imbalances and the need for private sector-led growth during the summit, as confirmed by the Treasury.
The G7 summit precedes meetings in Kananaskis, where North American, European, and Japanese leaders will gather to discuss significant issues amid ongoing tariff tensions.
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