Preview-covid, climate, tax feature at first post-Trump G7 talks

(Reuters, 10 Feb 2021) G7 source said officials would discuss how best to shape and respond to the phases of the global recovery from coronavirus pandemic and support for vulnerable countries to aid the global recovery.

The new administration of U.S. President Joe Biden joins international talks on the global economy this week with other rich nations expecting a decisive break from the "America First" nationalism of Donald Trump.

U.S. Treasury Secretary Janet Yellen will join Friday's online meeting with her Group of Seven (G7) peers at which they are likely to renew promises to pursue huge stimulus programmes to aid the economic recovery from COVID-19.

The meeting, the first G7 encounter since Biden took office, will also seek to breathe new life into long-running efforts to solve the problem of how to tax giant digital firms, many of them American such as Amazon and Google.

That is seen as test case of Washington's renewed engagement after Trump effectively blocked any deal.

Britain, which is chairing the meeting, has said the talks will provide to chance to find "global solutions" to the hammer blow dealt to the world's economy by the pandemic.

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Reuters, 10 Feb 2021: Preview-covid, climate, tax feature at first post-Trump G7 talks