Quebec: the G7
The G7 and the Singapore meetings both have their roots in the 20th century. The G-7 is an organization designed to promote dialog among the largest economies of the “free world” – as defined by the Cold War — namely, France, Italy, United Kingdom and Spain from Europe, Japan from Asia, and The US and Canada from North America. Russia was also included in this group until it was expelled as an expression of protest against its forced annexation of Crimea in 2014.
As everyone knows, the American President, Donald J. Trump, is following his demand that NATO partners pay their fair share of the cost of their defense, with a demand that these trading partners lower their tariffs on American imports to the same level as American tariffs on their exports to the USA. In fact, on Sunday. Mr. Trump suggested that all G7 countries should eliminate ALL tariffs.
These folks object strongly to losing their gravy train, but their dependence on the USA as the largest market in the world for trade as well as defense suggests that they will reluctantly negotiate this equalization of tariffs as they have defense costs – which is moving in the right direction, if slowly.