G7 Canada: The Kananaskis Summit 2025

// ECONOMIC AND SOCIAL SECURITY: TRADE, INVESTMENT AND INFRASTRUCTURE

With trade tensions rising inside the G7 itself, it’s time for leaders to confront the uncomfortable truth: the biggest threat to multilateralism may now come from within Trade policy: Time for candid conversations

Simon J. Evenett, IMD Business School

I f you have read these G7 background books before, you know the routine: pick a hot topic, urge leaders to cooperate and hope it lands. These well-meaning nudges can matter – especially among countries that share so much. Back in US president Donald Trump’s first term, I looked for common ground on trade. It was tough, but doable. This time? With US trade policy veering sharply since January 2025, that playbook is out the window. At first, I was tempted to discuss the G7’s work on economic security. That has picked up in recent years, but little additional infor- mation has been released since the last G7

50 // G7 CANADA: THE KANANASKIS SUMMIT 2025

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