U.S. Treasury Secretary to Address Trade Imbalances at G7 Meeting

May 18, 2025 - 21:00

U.S. Treasury Secretary Scott Bessent is set to participate in the upcoming Group of Seven (G7) finance leaders' meeting in Banff, Alberta, Canada. Scheduled for next week, this gathering will focus on critical issues such as trade imbalances and non-market economic practices, according to a Treasury spokesperson.

Bessent’s attendance underscores the U.S. commitment to addressing these pressing economic challenges on an international stage. The meeting will bring together finance ministers and central bank governors from the G7 nations, providing a platform for dialogue and collaboration.

In addition to addressing trade issues, Bessent will engage with his counterparts on strategies to stimulate growth, particularly through private sector initiatives. The discussions are expected to highlight the importance of fostering a balanced and fair global trading environment, which is essential for sustainable economic growth across member nations. As the world grapples with various economic pressures, the outcomes of this meeting could have significant implications for international economic policy.