G7 Trade Ministers Meeting held in Paris, France

Paris, May 6th (Xinhua) - The two-day G7 trade ministers' meeting concluded in Paris on May 6th, and a joint communiqu é was issued after the meeting. French Minister in charge of foreign trade, Fr é d é ric, stated that the participating parties will strengthen coordination to address global trade imbalances.

French public opinion believes that this meeting is being held against the backdrop of many pressure tests facing the global economy, such as the threat of tariffs from the United States, conflicts in the Middle East, and supply chain tensions. The joint statement pointed out that in the context of global supply chain tension, intensified market volatility, and sustained structural imbalances, all parties reiterated their commitment to strengthening cooperation to enhance the resilience and economic security of the trading system. On the 6th, Fr é d é ric stated that all parties will "strengthen response measures" to promote the formation of a "more fair" trade environment.

US Trade Representative Greer attended the meeting on behalf of the US and earlier met with European Commission Commissioner for Trade and Economic Security, Shevchovich, to discuss US European trade issues. Greer warned on the 6th that the United States does not agree with the EU's plan to amend the EU-US trade agreement and believes that the relevant amendments "may limit US exports to the EU". US President Trump recently threatened to raise EU car and truck tariffs to 25% due to the EU's failure to comply with the terms of the EU-US trade agreement.

France currently holds the rotating presidency of the G7, and this trade ministerial meeting aims to prepare for the G7 summit to be held in Evian, France in June.