Emmanuel Macron will organize a video conference on Thursday called the 'global convergence summit for growth' with China and other emerging countries to strengthen global economic cooperation.
The Élysée announced on Tuesday that the video conference will bring together G7 members along with China and the International Monetary Fund. Several countries already invited to the G7 summit, including Brazil, South Korea, India, Kenya and Egypt, will also take part. The event aims to initiate cooperation between systemic and emerging economies to ease tensions and create conditions for balanced growth. The French presidency stressed that resolving global macroeconomic imbalances remains a priority for Emmanuel Macron. The French president proposed a cooperative approach as early as December while mentioning the possibility of European tariffs on Chinese products if needed. He had stated in January that Europe faced a double trade problem with Chinese aggressiveness and American tariffs.
