Biden promises to put the US back on track with the world in the upcoming G7 meet | Business and Economy News

In his first event with other G7 leaders, Biden will discuss COVID-19, China and the global economy, the White House says.

U.S. President Joe Biden will hold his first event with other leaders from the group of seven countries at a briefing meeting Friday to discuss coronavirus pandemic, the global economy and dealings with China, the White House said Sunday.

The meeting is the first with top leaders from the G7 group of affluent democracies since April, he said.

“This meaningful dialogue with the leaders of the world’s major democratic market economies will allow President Biden to consider plans to tackle the COVID-19 pandemic, and rebuild the global economy,” he said. the White House in a statement.

The White House said Biden would focus his views on a global response to the production and circulation of COVID-19 vaccines as well as “ongoing efforts to move and cooperate against the emerging threat of infectious diseases by ‘building rural capacity and managing health security finance. “

Biden, a Democrat who took over from Republican vice-president Donald Trump on January 20, has sought to resonate with the world and global centers after four years of the “America First” mantra. before.

Trump pulled the United States out of the World Health Organization (WHO) and the Paris climate treaty and largely screamed at multilateral groups and organizations.

Biden has brought the US back into the WHO and has returned to the Paris agreement and has expressed a desire to work with friends in addressing China on a number of pressing issues.

The China Challenge

“President Biden will also discuss the need for investments to strengthen our overall competitiveness and the importance of modernizing global rules to address economic challenges such as those in China,” the House said. White.

Trump challenged China over its trade policies by imposing sanctions on taxes, a tool he also used on traditional U.S. alliances, drawing criticism for not using a more unified approach to stand-up to Beijing on issues such as theft of intellectual property and other economic practices.

Domestically, Biden is pushing Congress to pass a $ 1.9 trillion stimulus package to boost the U.S. economy and bring relief to those suffering from the pandemic.

The White House said it would discuss its economic agenda with G7 peers and encourage them and all industrialized countries to maintain “economic support for the recovery” and other globalization measures.

Climate change would also be on the agenda.

U.S. Treasury Secretary Janet Yellen spoke to her G7 peers last week and called for continued fiscal support to recover from the economy.

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