Investing.com -- The Group of Seven (G7) countries, excluding the United States, have been in discussions on how to react to the announcement made by U.S. President Donald Trump last week regarding extensive tariffs, as stated by Italy’s economy minister on Wednesday.

The G7 members, apart from the U.S., have been trying to alleviate the situation and find a way to bring the Trump administration into a dialogue and to a reasonable stance, according to Italy’s Economy Minister Giorgetti. He communicated this to the press in Rome.

In addition, Giorgetti mentioned that Italy was receptive to Trump’s recent announcement on Wednesday, where he declared a 90-day suspension on many of the proposed tariff hikes.

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