The New G6
The Group of Seven (G7) may need to revise its name as French President Emmanuel Macron makes clear that the group is prepared to move forward sans-United States as our current president continues to snub the international community and our allies.
Yesterday, the Group of Seven convened in Quebec City, Canada, for the annual G7 Summit as the U.S. stands in greater isolation than ever before as the result of the current president’s controversial stances on climate and trade.
Macron, however, made it crystal clear that the overwhelming majority of the group’s members would be perfectly fine as a group of six.
“The six other countries of the G7 represent a larger market than the American market. Let’s face it, there is no world hegemony if we find a way to organize ourselves. And we don’t want there to be.”
The president of the United States announced ahead of the summit that he would not participate in the second day of deliberations, which were set to focus around the issue of climate change and his decision to withdraw the U.S. from the Paris Climate Accord.
Tensions have been high between the U.S. and its erstwhile allies after the president enacted sweeping steel and aluminum tariffs against Canada, Mexico, China, Japan, and the European Union, sending the U.S. into a virtually unprecedented economic isolation.
It appears that those tensions have reached a breaking point, ushering in the very real possibility that the United States may become the target of a unified global trade war that will bring devastation to the American people and economy.