G7 Trade Ministers Seek Unity Amid Tariff Tensions

At the recent meeting in Paris, G7 trade ministers focused on ensuring secure critical mineral supplies, amid dominance by China. However, the session was overshadowed by the U.S.'s new tariff threats on European Union-made cars, raising concerns about potential disruptions to G7 unity.

France, leading the G7 presidency, aims to prioritize concrete decisions on critical minerals for the upcoming leaders' summit. Foreign Trade Minister Nicolas Forissier expressed confidence in making significant progress on securing rare earths and maintaining robust supply chains.

Despite general consensus on reducing reliance on China, the group faces challenges in coordinating approaches. Meanwhile, Germany engages in intense discussions with U.S. officials over tariffs, which threaten its vital automotive sector. The ministers also tackled discussions on industrial overcapacity and WTO reforms.

(With inputs from agencies.)