French Finance Minister Lescure says G7 share common view that global macro imbalances are unsustainable and have to stop

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French Finance Minister Lescure says G7 share common view that global macro imbalances are unsustainable and have to stop

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US Treasury Secretary Bessent says he had constructive discussions with counterparts on the global economy, global imbalances, cybersecurity, the terrorist threat posed by Iran, and critical minerals.

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  • Agreed to take domestic measures that will be tracked by IMF and OECD.
  • Decided to extend on the critical materials alliance created by Canada last year that includes stockpiles, information sharing and boosting investment. 
  • Everyone agrees top priority is to take trade flows back to normal. 
  • Hormuz needs to be open, free of charge. 

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