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The Group of Seven (G7) is a group consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. These countries, with the seven largest advanced economies in the world,[1] represent more than 62% of the global net wealth ($280 trillion).[2][3] The G7 countries also represent more than 46% of the global gross domestic product (GDP) based on nominal values, and more than 32% of the global GDP based on purchasing power parity.[4] The European Union is also represented at the G7 summit.

In late spring of 1975, d'Estaing of France invited the heads of government from West Germany, Italy, Japan, the United Kingdom, and the United States to a summit in Château de Rambouillet;[7] the annual meeting of the six leaders was organized under a rotating presidency, forming the Group of Six (G6). In 1976, with Wilson out as prime minister of Britain, Schmidt and Gerald Ford felt an English speaker with more experience was needed, so Pierre Trudeau, the Prime Minister of Canada, the next largest advanced economy after the first six, was invited to join the group[8] and the group became the Group of Seven (G7).[7] Since first invited by the United Kingdom in 1977 the European Union has been represented by the president of the European Commission, and the leader of the country that holds the presidency of the Council of the European Union[9] and the Council President now also regularly attends.
https://en.wikipedia.org/wiki/Group_of_Seven

-- 2018 --
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June 8: Trump says the US won't endorse the G7 joint statement, calls Canadian Prime Minister Justin Trudeau 'dishonest & weak'
http://www.businessinsider.com/trump-g7-communique-criticizes-canada-justin-trudeau-2018-6

June 9: President Trump retracted his endorsement of the final statement from the G7, tweeting afterward he had instructed representatives "not to endorse" it. He blamed Canadian Prime Minister Justin Trudeau's statement afterward that Canada will not be "pushed around" and will go through with retaliatory tariffs.

June 9: McCain to allies: 'Americans stand with you, even if our president doesn't'

Sen. John McCain pushed back Saturday night against President Donald Trump's reversal of an agreement to sign onto a statement by the G7 countries, saying that Americans would continue to stand with its historical allies.

"To our allies: bipartisan majorities of Americans remain pro-free trade, pro-globalization & supportive of alliances based on 70 years of shared values," the Arizona senator tweeted. "Americans stand with you, even if our president doesn't."
https://www.cnn.com/2018/06/09/politics/mccain-statement-trade/index.html
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