The 44th G-7 Summit will take place on June 8th through June 9th in Charlevoix, Canada. Some market participants already refer to it as the G-6 + the US, given US President Donald Trump’s protectionate stance and imposed tariffs on its trading allies. The G-7 is comprised of Canada, France, Germany, Italy, Japan, the UK and the US. The European Union, the world’s largest trading bloc, is also represented. The G7 represents 46% of global nominal GDP and 32% of global purchasing power parity.