Top finance officials from the world’s wealthiest economies were set to gather in Canada on Tuesday for meetings that are expected to be consumed by renewed fears of a global downturn set off by President Donald Trump’s trade war.

The summit of the Group of 7 finance ministers, a traditionally friendly gathering, is likely to be more fraught this year. The tariffs that Trump has imposed on U.S. allies and adversaries have threatened to blunt global growth and inflame inflation. Europe, Japan and Canada have all been bearing the brunt of the Trump administration’s “America First” economic agenda.

The tenor of the discussions could also be complicated by recent tension between the United States and Canada, the country hosting this year’s meetings and one that Trump has said he wants to annex.

“I think it’s going to be awkward,” said Charles Lichfield, deputy director of the Atlantic Council’s GeoEconomics Center.

The three days of meetings will include many of the recent topics of discussion, including support for Ukraine, concerns about China’s economic practices and headwinds facing the global economy. However, Trump’s trade tactics, which many economists view as the biggest threat to global economic stability, will dominate the discussions between Treasury Secretary Scott Bessent and his counterparts.

Bessent, who skipped a gathering of the Group of 20 finance ministers in February, will appear at the international forum for the first time and at a particularly tenuous moment.

Bessent plans to make the case that countries need to get “back to basics” and take steps to address “imbalances and nonmarket practices,” according to a Treasury Department spokesperson. Bessent is also expected to prioritize expressing the Trump administration’s concerns, which are widely shared among the Group of 7 nations, about China’s excess industrial capacity, according to a person briefed on the U.S. position. The Group of 7 is made up of the United States, Canada, Britain, France, Germany, Italy and Japan.

Since taking office, Trump has upended the global trading system with a blizzard of tariffs. He imposed a 10% universal tax on almost every trading partner, in addition to 25% tariffs on imported steel, aluminum, cars and car parts. He raised tariffs on China to a punishing 145% in April before reducing them to 30% this month to allow Beijing and Washington to negotiate a trade deal.

In April, Trump hit dozens of countries with “reciprocal” tariffs before pausing those levies for 90 days to allow for trade negotiations. Bessent and other Trump officials have said the administration is working to strike deals by July 8 with 18 to 24 trading partners, including Argentina, Malaysia, Israel, Switzerland, India, Japan, Vietnam, South Korea and Thailand.

The United States and the European Union have also been negotiating over trade terms, though tensions between the governments remain high.

On Sunday, Bessent warned that higher tariffs could kick in if negotiations with those nations faltered during the 90-day pause.

“I would expect that everyone would come and negotiate in good faith,” Bessent said on NBC’s “Meet the Press,” warning that countries that do not will get letters with new U.S. tariff rates.

The compacted time frame could result in trade deals that are quite modest, with countries perhaps agreeing to reduce tariffs on a few products and promising to collaborate in the future in other areas.