With discussions set to close Thursday, hopes for a final communique reflecting unity among the Group of Seven advanced economies remained uncertain, as tensions persist on Trump's trade policies.
But friction among the group -- comprising Britain, Canada, France, Germany, Italy, Japan and the United States -- emerged shortly after meetings began.
But he added that the group was “able to overcome these differences,“ and voiced hope a final statement reflecting G7 unity could be reached.
Bessent described Wednesday’s talks as “very productive.”
Asked about friction in the talks, Champagne said: “That’s why we have meetings, we have frank discussions.”
Japanese Finance Minister Katsunobu Kato told reporters that during his meeting with Bessent, he affirmed that US tariffs were “extremely regrettable” and “not always an appropriate measure to adjust trade imbalances.”
Joint statement?
But a European official, who requested anonymity when discussing the ongoing talks, told a AFP a unifying closing statement was not a priority.
“At least the Americans remain engaged in the multilateral system. We clearly disagree on tariffs, but the G7 is the place for candid exchanges, to advocate for our point of view,“ the official said.
Champagne told reporters on Tuesday the presence of Ukrainian Finance Minister Sergii Marchenko in Banff “sends a strong message to the world” that members are recommitting to support the country against Russia’s invasion.
She charged that Russia’s Vladimir Putin has “failed to engage in good faith with proposals”, and attempts to broker a ceasefire from his “illegal and brutal war.”
Marchenko did not brief reporters following the meeting on Ukraine.
“It is a significant G7, existentially,“ said Ananya Kumar, a deputy director at Washington-based think tank the Atlantic Council.
“The big theme is going to be how do we prevent global instability, how do we find consensus in this chaos?”
This week's meeting come ahead of the G7 Summit next month, set to take place near Banff, with Trump expected to attend.
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