Euronews On G7: Brexit, Trade War, Amazon Fires, Iran, Rich and Poor Gap
UK Prime Minister Boris Johnson said the chances of a Brexit deal are “touch and go” in interviews with British television media on the sidelines of the G7 summit. He has previously said the odds of a no-deal Brexit were “a million to one”, Euronews reported.
G7 Summit is consisting of talks between presidents of the richest countries in the world and is held annually, in France this year.
The US President Donald Trump told Johnson on Sunday morning that Brexit Britain will have a major trade deal with the United States, adding the new British prime minister was the right man to take his country out of the European Union.
The new UK leader is set to meet European Council head Donald Tusk later on Sunday — the pair clashed on Saturday over who would be to blame in the case of a no-deal Brexit.
On Friday, Beijing announced it would raise tariffs on US goods worth around €68 billion. A retaliatory measure was taken in response to Washington imposing additional €270 billion tariffs on Chinese goods, set to come into effect from September and mid-December.
This is the latest episode in the long-running trade war between the two richest countries with repercussions being felt worldwide. Both the World Bank and International Monetary Fund have lowered their economic growth forecast for this year. They now predict it will between 2.6 and 3.2%.
Under no condition can the EU agree with a Trump proposal to bring Russia back into the G7 after it was excluded for annexing Crimea and backing an anti-Kyiv rebellion in eastern Ukraine, the EC president said.
Also on the agenda, if French President Emmanuel Macron and UK Prime Minister have their way, are the wildfires sweeping the Amazon rainforest. Macron called on members of the G7 to discuss the raging wildfires ravaging the Amazon rainforest in Brazil.
Macron also held talks with Iranian Foreign Minister Mohammad Javad Zarif in Paris on Friday, ahead of the G7.
The gap between rich and poor in the majority of the G7 countries isn’t reducing. Combined, the US, Canada, Germany, France, UK, Italy, and Japan’s populations, own more than half of total global wealth.
Of these countries, the richest 10% own approximately half or more of the country’s wealth, whilst the poorest 50% own 10% or less.