logo
Nations Head to G-7 Hoping to Reach Trade Deals With Trump

Nations Head to G-7 Hoping to Reach Trade Deals With Trump

Nations are eyeing the G-7 summit in Canada this week as an opportunity to strike trade deals with President Trump—or at least build momentum to keep talking and ease tensions over tariffs.
Japan, the European Union, Canada and Mexico all hope that face time with Trump will help them persuade the president to lower at least some of his most onerous tariffs in exchange for a range of concessions, such as higher military spending, action against China and cuts to tariffs and other trade barriers on U.S. companies. The hope from America's trading partners is that direct contact with the president can break through impasses.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

EU Diplomats See Progress Toward US Trade Deal With 15% Tariffs
EU Diplomats See Progress Toward US Trade Deal With 15% Tariffs

Yahoo

time12 minutes ago

  • Yahoo

EU Diplomats See Progress Toward US Trade Deal With 15% Tariffs

(Bloomberg) -- The European Union and the US are progressing toward an agreement that would set a 15% tariff for most products, according to diplomats briefed on the negotiations. Trump Awards $1.26 Billion Contract to Build Biggest Immigrant Detention Center in US Why the Federal Reserve's Building Renovation Costs $2.5 Billion Salt Lake City Turns Winter Olympic Bid Into Statewide Bond Boom Milan Corruption Probe Casts Shadow Over Property Boom The High Costs of Trump's 'Big Beautiful' New Car Loan Deduction Member states could be ready to accept a 15% tariff and EU officials are pushing to have that cover sectors including cars, the diplomats said. Steel and aluminum imports above a certain quota would face the 50% duty, one of the diplomats added. The diplomats said that while the EU is optimistic that a deal can be reached, they are also cautious that any final agreement will need sign off from US President Donald Trump and his ultimate decision is difficult to predict. Elon Musk's Empire Is Creaking Under the Strain of Elon Musk Burning Man Is Burning Through Cash A Rebel Army Is Building a Rare-Earth Empire on China's Border What the Tough Job Market for New College Grads Says About the Economy How Starbucks' CEO Plans to Tame the Rush-Hour Free-for-All ©2025 Bloomberg L.P.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store