In meetings through Thursday, leaders will discuss global economic conditions and seek a common position on Ukraine.
“We’re also going to talk about what we’re going to be doing in terms of reconstruction,“ he said in a joint press conference with Marchenko.
Once broadly unified, the G7 -- Britain, Canada, France, Germany, Italy, Japan and the United States -- has been rattled by Trump, who reached out to Russia and slapped tariffs on both allies and competitors.
He stressed that “everyone wins” when trade rules are “fair and predictable,“ adding that Canada can serve as a bridge among members in a turbulent time.
'Constructive' spirit
Economists warn tariffs could fuel inflation and weigh on growth, and the effects of US trade policy loom over Treasury Secretary Scott Bessent's engagements.
“The spirit around the table is constructive,“ he said.
A Japanese official told AFP its finance minister plans for a meeting with Bessent, seeking to address topics like foreign exchange.
'A test'
Although Canada’s presidency hopes to issue a communique, this outcome must reflect “a shared understanding of the global economic situation and common goals in addressing the challenges,“ the official said.
The source briefed on US participation said Washington is not inclined to “do a communique just for the sake of doing a communique,“ noting a consensus should align with Trump administration priorities too.
In comments before meeting his counterparts, Klingbeil said tariffs and uncertainties are a burden on the economy and job security.
Officials told AFP they are not expecting trade agreements this week, but said the gathering is another chance to find common ground.
Trump said Russia and Ukraine would start peace talks after he spoke Monday with Russian President Vladimir Putin, while the EU formally adopted a new round of Russia sanctions Tuesday.
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