G7 summit: Leaders meeting in Calgary amid host of crises – DW – 06/16/2025
Skip next section Trump says Iran should talk 'before its too late'
06/16/2025
June 16, 2025 Trump says Iran should talk 'before its too late'
On the sidelines of the G7 summit in Canada, US President Donald Trump addressed the ongoing conflict between Iran and Israel, saying Iran was not winning.
The US president added that Iran should reenter negotiations over its nuclear program "before it's too late." A new round of US-Iran nuclear talks was scheduled on Sunday, but Iran pulled out after the Israeli attacks started.
"They have to make a deal, and it's painful for both parties, but I'd say Iran is not winning this war, and they should talk, and they should talk immediately, before it's too late," Trump told reporters.
Media reports cited unnamed sources as saying Trump did not intend to sign the document coming out of the G7, which addresses the conflict.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Int'l Business Times
2 hours ago
- Int'l Business Times
G7 Leaders Urge Trump To Ease Off Trade War
World leaders at the Group of Seven summit in Canada on Monday tried to push US President Donald Trump to back away from his punishing trade war that poses a risk to global economic stability. At a summit where host Canada hopes to avoid stoking Trump's anger, and with attention on events in the Middle East, leaders still urged the US leader to reverse course on his plans to slap even steeper tariffs on countries across the globe as early as next month. "Several participants asked to end the tariff dispute as soon as possible. They argued that this dispute weakens the G7's economies and in the end will only strengthen China," a senior German official told reporters on condition of anonymity. The six other countries urged Trump to end his trade conflict as soon as possible, telling him that his protectionist policies were only "damaging to ourselves," the official added. Most countries represented at the G7 are already subject to a 10 percent baseline tariff imposed by Trump, under a temporary easing of higher rates, with European countries and Japan also slapped with additional levies on cars and steel and aluminum. Britain in May was the first country to sign a preliminary deal with Washington to avoid deeper tariffs, and the two leaders at the G7 said they had agreed on the accord's final points and signed the agreement. "I like them. That's the ultimate protection," Trump told reporters after a meeting with British Prime Minister Keir Starmer on the G7 sidelines. Trump opened a folder to display the signed documents, only for the paperwork to slide out and spread across the ground. "Oops, sorry about that," he said as Starmer scrambled to gather up the loose sheets and stuff them back in the folder. The trade issue is of particular interest to Canada after the Trump administration announced several extra levies on Canadian imports in recent months, throwing the country's economic future into deep uncertainty. After a meeting between Trump and Prime Minister Mark Carney, the Canadian government indicated that the two sides could come to a trade truce deal in the next 30 days. Mexican President Claudia Sheinbaum will also have her face-to-face time with Trump as her country tries to renegotiate its three-way North American free trade agreement that also includes Canada. While there is little expectation that the summit will see a breakthrough in the trade negotiations between the US and the rest of the world, US Trade Representative Jamieson Greer is part of Trump's delegation. Dozens of countries are locked in negotiations with Washington to clinch some sort of trade deal before the US imposes stinging reciprocal tariffs, threatened for July 9. But US Treasury Secretary Scott Bessent last week said that the date could be pushed back later for countries thought to be negotiating in good faith. German Chancellor Friedrich Merz told reporters he would team up with his counterparts from France and Italy to discuss the US trade threat with Trump directly. A source at the summit said that French President Emmanuel Macron urged the American leader to quickly end the trade conflict once and for all. The European Commission handles trade negotiations for the 27-country bloc, and the EU's trade chief Maros Sefcovic was also attending the summit, accompanying the delegation of EU Commission chief Ursula von der Leyen. The EU institutions are official members of the G7, and during the morning session, von der Leyen argued to the leaders that "tariffs -- no matter who sets them -- are ultimately a tax paid by consumers and businesses at home." Von der Leyen also met with Trump one-on-one on trade issues in a sit-down that US officials said was at her request. "We instructed the teams to accelerate their work to strike a good and fair deal. Let's get it done," she said in a post on X.
Int'l Business Times
2 hours ago
- Int'l Business Times
Markets Rebound As Conflict Containment Hopes Ease Investor Jitters
U.S. stocks rallied Monday as investor confidence returned, buoyed by optimism that the escalating hostilities between Israel and Iran may remain contained. The S&P 500 rose 0.9% to close at 6,033.11, bolstered by a standout performance from Estée Lauder, which surged 10.78%. The Nasdaq climbed 1.52% to 19,701.21, and the Dow Jones added 0.8%, closing at 42,515.09, supported in part by gains across the banking sector. The rebound in sentiment extended across global markets. South Korea's Kospi advanced 1.8%, and Japan's Nikkei 225 climbed 1.3%, marking some of the day's strongest performances. Chinese markets also ticked higher after new data showed a rise in consumer spending in May, despite headwinds in industrial growth and investment. Stocks gained 0.7% in Hong Kong and 0.3% in Shanghai. Energy markets painted a contrasting picture. Despite continuing military exchanges between Israel and Iran, oil prices slipped after spiking late last week. Brent crude, the global benchmark, dropped 2% to $72.78 per barrel, while West Texas Intermediate fell 2.4% to $71.23. Analysts pointed to easing concerns about disruptions to global oil flows, especially with no direct impact on the Strait of Hormuz, a critical shipping lane. Hopes for diplomacy surfaced as Iran's foreign minister hinted at potential U.S. engagement following reports of high-level communication between Washington and Israeli leadership. Nonetheless, the conflict showed no signs of abating, with missile attacks ongoing. An Israeli airstrike reportedly disrupted Iranian state media temporarily, while Iran's recent missile barrage into Israel claimed 11 lives. Back on Wall Street, positive investor sentiment was also reflected in corporate news. Sage Therapeutics soared 35.4% after agreeing to a potential $795 million buyout by Supernus Pharmaceuticals. U.S. Steel rose 5.1% following a U.S. executive order enabling Japanese firm Nippon Steel to invest, potentially giving the government oversight over its operations. Those gains helped counter losses in the defense sector. Shares of Lockheed Martin and Northrop Grumman both declined nearly 4%, pulling back from Friday's surge driven by conflict-related demand expectations. Gold also reversed course, dropping 1.4% to $3,403 per ounce after a brief flight to safety the previous trading day. Investor attention is now shifting to the Federal Reserve's upcoming policy meeting. While markets broadly expect interest rates to remain unchanged, new forecasts from Fed officials could sway sentiment. Analysts at Bank of America suggest only one rate cut might be penciled in for the year—fewer than the two anticipated by investors. Inflation remains within the Fed's 2% target, though uncertainty around U.S. trade policy, including tariffs imposed by President Trump, continues to cast a shadow. With the G7 summit underway and additional economic data such as May retail sales on the horizon, markets appear cautiously optimistic—though far from complacent.
Int'l Business Times
3 hours ago
- Int'l Business Times
IDF Claims Success in Disrupting Iran's Rocket Barrage Amid Escalating Conflic
Israeli officials have claimed significant success in halting a major Iranian rocket offensive, stating that roughly half of Iran's planned missile launches were thwarted. Prime Minister Benjamin Netanyahu asserted that the strikes on Iranian military infrastructure have "delayed Iran's nuclear ambitions by a long, long time." He described Iran's leadership as "very weak," adding that while regime change is not Israel's goal, it wouldn't be surprising if the attacks contributed to such an outcome. Explosions were reported in Tehran during Netanyahu's press conference. A senior Israeli military spokesperson claimed that Israeli forces had established "full air supremacy" over the Iranian capital and had destroyed two fighter jets allegedly involved in attacks against Israeli aircraft. Israeli forces reported the destruction of over 120 ground-to-ground missile launchers in central Iran—allegedly a third of Iran's total capacity. In anticipation of further strikes, Israeli authorities issued evacuation warnings to an estimated 330,000 people in key areas of Tehran, including state-run facilities, police headquarters, and several hospitals. Iran confirmed the launch of around 100 missiles in response and vowed additional retaliation. In a public message, Iran's supreme leadership signaled determination to continue what it calls a justified response to Israeli strikes on its military and nuclear sites. On the fourth day of intensifying exchanges, Israel's northern city of Haifa experienced power outages after its oil refinery's power station was hit by an Iranian missile. Authorities are still assessing the full extent of the damage. Israel responded with targeted attacks against Revolutionary Guard positions and Quds Force command centers in Tehran. Military officials emphasized that these strikes significantly undermined Iran's ability to launch further ballistic missiles. Despite these efforts, Iranian missile strikes impacted several cities across Israel, including Tel Aviv, Ramat Gan, Tamra, and Bat Yam, killing 14 people and injuring dozens more. Nationwide, the attacks have resulted in 24 fatalities and over 600 injuries. Emergency services continue to evacuate residents from damaged residential areas. Since the start of the escalation, approximately 350 ballistic missiles have been launched from Iran toward Israel, according to military estimates. Authorities continue to urge the public to follow shelter-in-place directives during missile alerts. With tensions high, civilian protection measures remain in force, including school closures and a ban on public gatherings. Officials indicated that the current safety protocols will be reviewed in the coming days as the situation develops.
