This is not a club feeling its power, and extending an arm to shape the world – these are countries feeling vulnerable
This translation has been automatically generated and has not been verified for accuracy.It is a fitting symbol that the most-discussed issue going into the summit of Group of 7 leaders in England is whether wealthy countries that spent a year in a me-first, zero-sum struggle for PPE and vaccines can now aid the inoculation of the rest of the world.
They are moving from a period when their publics wanted them to be laser-focused on what was happening at home, to the recognition that their sovereign nations – even the United States – can’t control as much as they once did. This is not a club of wealthy countries feeling its power, and extending an arm to shape the world. These are countries feeling vulnerable.
After Finance Minister Chrystia Freeland signed on to a G7 pact to set a minimum corporate tax rate of 15 per cent and co-operate on taxing the revenues of internet giants, Conservative Leader Erin O’Toole sent an open letter to Mr. Trudeau urging him to reject it as an infringement of Canada’s sovereignty. He insisted that “Canadians, and Canadians alone, determine our nation’s domestic tax policy, and rates.
Look around this club of seven advanced wealthy countries, the European Union, and the specially invited leaders of Australia, South Korea, India and South Africa, and most feel a level of powerlessness about dealing with China. Chinese economic interests, from trade to control of the main port in Greece, divide European leaders; Australia has been threatened; Canadians have been arrested.
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