G7 leaders make joint statement on fair trade

 Associated Press
Associated Press (KY3)
Published: Aug. 26, 2019 at 1:52 PM CDT
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With clouds over global growth, French President Emmanuel Macron has issued a short Group of Seven declaration committing leaders to "open and fair global trade and the stability of the global economy."

The declaration Macron issued Monday at the end of a three-day G-7 summit he hosted underlined "great unity" among the participating leaders.

That's a contrast to the closing statement from last year's G-7 summit in Canada, which U.S. President Donald Trump repudiated.

The professed unity could be important as uncertainty over the course of Trump's trade conflict with China weighs on the global economy.

The statement was achieved amid disagreement at their summit over the impact of Trump's trade stance on slowing global trade and industrial activity.

The declaration nods to several of Trump's issues by calling for "fair" as well as "open" trade. There's no mention of broader issues such as currencies or fiscal stimulus.