WASHINGTON—President Joe Biden’s meeting with leaders of the Group of Seven leading industrial economies in an English seaside village this week will usher in a new focus on rallying U.S. allies against common adversaries—the COVID-19 pandemic, Russia, and China.
New COVID-19 variants and rising death tolls in some countries will loom large during the gathering from Friday to Sunday, alongside climate change, strengthening global supply chains, and ensuring the West maintains its technological edge over China, the world’s second-largest economy.
Biden, a Democrat, vowed to build relations with allies.
“In this moment of global uncertainty, as the world still grapples with a once-in-a-century pandemic, this trip is about realizing America’s renewed commitment to our allies and partners,” Biden wrote in an opinion piece published by the Washington Post on Saturday.
The gathering will put Biden’s “America is back” motto to the test.
It is a pivotal moment for the United States and the world, former British Prime Minister Gordon Brown said on CNN on Sunday.
Uniting Against Russia
Russia will be at the forefront of attention at the G7 summit in Cornwall, England, and the days afterward when Biden meets with European leaders and NATO allies in Brussels, before heading to Geneva to meet Russian President Vladimir Putin.The recent ransomware attack on JBS, the world’s largest meatpacker, by a criminal group likely based in Russia, and Putin’s financial backing for Belarus after it forced a Ryanair flight to land so it could arrest a dissident journalist on board, are pushing U.S. officials to consider sharper action.
Corporate Tax Hikes
COVID-19 and IP Waivers
The Biden administration on Thursday detailed its plans to donate 80 million doses of COVID-19 vaccines globally by the end of June.Washington reversed course last month and backed negotiations over waivers for intellectual property protections at the World Trade Organization (WTO) to speed vaccine production in developing countries, much to the chagrin of Germany and Britain.
Climate Change Disclosures
Biden announced plans in May to require U.S. government contractors and financial institutions to be more transparent about the climate change risks faced by their investments, and administration officials are pushing other countries to adopt similar plans.The UK also wants governments to require businesses to report such risks as a way to boost investment in green projects. But agreement on a way forward is unlikely to come in June. A deal could emerge at a U.N. climate summit in Glasgow, Scotland, in November.