G7 Summit Sparks Hopes for U.S.-EU Tariff Resolution

At the upcoming G7 meeting in Canada, German Chancellor Friedrich Merz voiced optimism about making strides towards resolving the ongoing tariff dispute between the U.S. and the EU.

While a complete resolution is unlikely at this summit, Merz foresees potential small steps that could pave the way for future solutions. Additionally, European nations within the G7 are drafting a communique emphasizing that Iran should not possess nuclear weapons and affirming Israel's right to self-defense.

Merz suggested the possibility of addressing customs policy on the meeting's sidelines, highlighting the incremental nature of any progress that might be achieved.

(With inputs from agencies.)