Japan and Canada Consultation to Jointly Cope with US Tariff Challenges

Reference Message Network reported on May 3 according to The Nikkei Economic News on May 3, Japanese Prime Minister Shinichi Abe held a 30-minute telephone consultation with Canadian Prime Minister Mark Carney on the 2nd. Both sides discussed the impact of the tariff policies of the Trump administration on the world economy and the multilateral trading system. The G7 Summit will be held in June this year. Japan will cooperate with Canada, the chairmanship country of the summit, to jointly address relevant challenges.

Since the United States implemented the tariff measures, Shinichi Abe has been in communication with leaders of European countries such as the UK and France as well as Southeast Asian countries. Carney regards the tariff policies of the Trump administration as "the greatest risk in the economic field" and adopts a tough stance, retaliating against the US tariff increase measures with retaliatory tariffs. (Compiled/Translated by Ma Xiaoyun)

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