After seven weeks of global turbulence caused by US President Trump's foreign policy, foreign ministers from major Western democracies gathered in Canada to try to show unity on key issues such as tariffs and the Ukraine crisis. The G7 Foreign Ministers' Meeting was held in the town of Lamarbay in Quebec, Canada, with the aim of coordinating various positions and addressing the increasingly tense international situation.

Conference Focus: Tariffs and the Ukrainian Crisis

Tariff dispute

The decision of the United States to impose a 25% tariff on imported steel and aluminum immediately sparked strong backlash from Canada and the European Union, who quickly took reciprocal measures. This measure not only exacerbates tensions between the United States and its allies, but also becomes one of the core topics of this G7 meeting. US Secretary of State Rubio emphasized "America First" on social media, attempting to defend US tariff policies, but this stance did not receive widespread support from other countries.

The game of the Ukrainian crisis

The issue of Ukraine became another focus of the conference. US Secretary of State Rubio briefed the attending foreign ministers on the previous talks between Saudi Arabia and Ukraine, and Kiev expressed willingness to support a 30 day ceasefire agreement. However, the ambiguous remarks of Russian President Putin have made the situation even more complicated, making it difficult for the attending representatives to make a clear judgment on the progress of the situation.

In the draft communiqu é, G7 foreign ministers emphasized the importance of ensuring effective compliance with the ceasefire agreement and urged Russia to "unconditionally" comply with the agreement. Although the draft does not mention new sanctions against Russia, its content may still change, and differences in wording among parties make it difficult to reach a final consensus.

Washington also attempted to draw a red line on the wording of the Ukraine issue during the meeting and opposed issuing a separate statement on Russia's so-called 'shadow fleet'. At the same time, the United States has called for stronger language on issues related to Asian powers, further highlighting the divisions within the G7 in addressing global challenges.

Conference outcomes and prospects

Despite differences on tariffs and Ukraine, G7 foreign ministers are still striving to demonstrate unity. Diplomats stated that the overall atmosphere of the meeting was positive and candid, and all parties hoped to demonstrate consensus by reaching an agreement. If a comprehensive consensus cannot be reached, Canada may summarize the discussion in the form of a presidential statement.

This meeting is the first important meeting during Canada's presidency of the G7. It is difficult to draft a final statement unanimously agreed upon by all parties, but diplomats are cautiously optimistic about the future prospects of cooperation.

conclusion

The G7 Foreign Ministers' Meeting held in Lamarcy, Canada is not only a diplomatic game, but also a microcosm of Western democratic countries seeking consensus under the challenges of globalization. Despite the challenges posed by tariff disputes and the Ukraine crisis, all parties still hope to find solutions to the complex international situation through dialogue and cooperation. In the future, whether G7 can reach consensus amidst differences will become a global focus of attention.

This G7 foreign ministers' meeting focuses on tariffs and the Ukraine crisis, which may have a short-term fluctuation impact on gold prices. Firstly, the tariff dispute between the United States and its allies has intensified global economic uncertainty, which may drive investors towards safe haven assets and support gold prices. Secondly, the uncertainty of the situation in Ukraine and Russia's ambiguous statements have further increased geopolitical risks, which may also boost the safe haven demand for gold. However, if a consensus is ultimately reached at the G7 meeting, market sentiment may stabilize and the upward momentum of gold prices may weaken. Overall, gold prices may strengthen in the short term due to rising risk aversion, but in the medium to long term, attention still needs to be paid to further developments in the global economy and geopolitical situation.