In an all-time first, the G7 hasn’t concluded an agreement in the Trump-era. | SourcE: AP Photo/Evan Vucci
By CCN Markets: For the first time in the G7’s 44-year history, the summit will conclude without a joint communique. According to the Financial Times, the host of this year’s summit French President Emmanuel Macron has decided to abandon the practice to prevent an ugly public show of differences similar to what happened last year in Canada.
The French president has implicitly cited the rise of populist leaders across the globe as a driving factor:
We are living through a very deep crisis of democracy.
The French president seemed to have the U.S. president on his mind as he stated that it was “pointless” to issue statements on matters such as the Paris Climate deal when it was obvious that “President Trump won’t agree”.
During last year’s summit in June, President Donald Trump abruptly withdrew support for the joint statement. He blamed Canadian Prime Minister Justin Trudeau for the move labeling him “dishonest and weak”.
This was after Trudeau had rejected the rationale provided by the U.S. to justify tariffs on steel and aluminum imports. At the time, German Chancellor Angela Merkel indicated that Trump’s move to retract support for the joint statement was “sobering” and “depressing”.
A picture of Donald Trump surrounded by his allies from the G7 countries during a summit in Canada was one of the most memorable of the year. Here’s is a round-up of the best images of 2018 https://t.co/iLWGSFF5d8 pic.twitter.com/aO3fzJXvJQ
— Financial Times (@FinancialTimes) December 25,