Overview

• G7 finance ministers are meeting in Banff to restore global economic stability and growth under a 'back to basics' agenda.
• U.S. tariffs introduced by President Trump are a major source of tension, with allies seeking to address trade imbalances and non-market practices.
• Ukraine's Finance Minister Sergii Marchenko is participating to discuss reconstruction efforts and continued financial support from G7 nations.
• Ministers are exploring measures to combat smuggling through low-value package shipments, particularly from China, following changes to U.S. duty exemptions.
• The meeting serves as a precursor to the G7 Leaders' Summit in Kananaskis, where broader agreements on trade and global security are expected to be pursued.