G7 finance ministers said Thursday the economic policy uncertainty that has swept the globe was easing, promising further progress towards stability, as they wrapped up talks in western Canada.
US President Donald Trump’s wide-ranging tariffs have caused uncertainty in international commerce, and this week’s meeting was seen as a key test of whether the Group of Seven advanced economies could overcome tensions triggered by Trump’s trade war.
Leaders at the talks, which included central bank governors, conceded the discussions faced challenges, including continuing disagreement over tariffs.
But in a final communique, the G7 — comprising Britain, Canada, France, Germany, Italy, Japan and the United States — said: “We acknowledge that economic policy uncertainty has declined from its peak, and we will work together to achieve further progress.”
The meeting’s host, Canadian Finance Minister Francois-Philippe Champagne, characterized the meeting as “constructive and productive” and said that there was a need “to …