G7 summit faces criticism over lack of progress on global imbalances
Critics argue that the G7 summit in Évian-les-Bains will fail to address significant, long-standing trade imbalances between the U.S., Europe, and China.
<p>The French G7 presidency’s focus on global imbalances is both welcome and problematic. While long-standing trade imbalances between the United States, Europe, and China are, if anything, becoming even more troublesome, the leaders’ summit in Évian-les-Bains will do nothing to address the problem.</p>