Live Updates: Second Day of G7 Summit in Biarritz, France

MANIFESTATION ANTI G7 HENDAYE . Beaucoup de Monde entre 15 000 et 20 000 manifestants et surtout une belle convergence des luttes et des colères Gilets Jaunes, Syndicats, associations militant pour les droits des femmes, des LGBT, Attac etc. POUR GAGNER C'EST TOUS ENSEMBLE pic.twitter.com/SMdlP9PfUZ

— isabelle De Ridder (@isabelle_ridder) August 25, 2019

"We, France and Germany, have stressed that we want a summit with the Russian and Ukrainian presidents to be held soon, after a preparatory meeting of advisers and foreign ministers takes place", Merkel said, adding that the sides are planning to convene the next meeting in the French capital of Paris.

"As a goodwill gesture and a step towards creating space for negotiations, we have responded to France's proposal. We want to export 700,000 bpd of oil and get paid in cash ... and that is just for a start. It should reach to 1.5 million bpd", a senior Iranian official told Reuters.

Another official emphasised that "Iran's ballistic missile programme cannot and will not be negotiated. We have underlined it clearly and openly".

An Iranian diplomat noted that Iran had also ruled out any negotiations on its "right to enrich uranium, its home-made nuclear fuel cycle ... and in return, we will be fully committed to the 2015 nuclear pact".

JUST NOW: President @realDonaldTrump and Prime Minister @AbeShinzo announced a trade deal.

"This is a tremendous deal for the United States. It's a really tremendous deal for our farmers." pic.twitter.com/1y42L8x0p4

— The White House (@WhiteHouse) August 25, 2019

The agreement may be signed in September, Donald Trump specified. The US president continued by saying that he and Japanese Prime Minister Shinzo Abe successfully reached consensus on the core elements related to agricultural and industrial trade.

"We’ve been working on a deal with Japan for a long time. And we’ve agreed in principle ... billions and billions of dollars," Trump said.

"I'm not happy about it, but then again he's not in violation of the agreement," Trump said, referring to a deal that prohibits the firing of long-range ballistic missiles.

"This measure would strongly impact the Italian system, considering how our automotive industry is integrated with that of Germany," Conte told other G7 leaders.

"The president was asked if he had 'any second thought on escalating the trade war with China'. His answer has been greatly misinterpreted," spokeswoman Stephanie Grisham said.

"President Trump responded in the affirmative -- because he regrets not raising the tariffs higher."

G7 details. pic.twitter.com/wSj7mdKNyM

— Eli Stokols (@EliStokols) 25 августа 2019 г.

Roberto Castaldi, the director of the Research Centre on Multi-Level Integration and Governance Processes at the eCampus University, who also serves as the research director of the International Centre for European and Global Governance

The G7 is an obsolete format. When it was created it accounted for a vast majority of the world economy. Today it does not. China and India economies are bigger than those of many participants. The G7 could make sense as a forum of democracies. But it should focus on political rather than economic issues, leaving those to the G20.

The last G7 meetings highlighted that Trump agenda opposes all the other G7 members on trade, environment, security cooperation. So it shall not come as a surprise that also the Biarritz meeting will not produce any spectacular decision able to solve any of the global problem. However, it helps put pressure on Trump on environmental and other issues.

"The President and Prime Minster also addressed global security issues of mutual concern, especially Iran’s threat to freedom of navigation in the Gulf, tensions in Hong Kong, 5G and Huawei, and instability in Libya and the Sahel region," the White House said in a statement.

"As president of the G7, the president did indeed get the power to discuss and send a message to Iranian authorities on the basis of the exchanges we had last night," a French presidential source.

US President Donald Trump, however, has reportedly refuted the claims of agreeing to mandate that Macron hold talks with Tehran on behalf of the G7.

Later on, Macron denied that he had received any mandate from the fellow G7 leaders to hold talks with Iran on the club’s behalf, noting that the nations, "each in its role," would make coordinated efforts in this regard.

Trump gives @BorisJohnson shoulder squeeze of affection as before TV cameras at #g7.

Trump: "He's going to be a fantastic PM.“

Johnson: "We're going to do a fantastic deal once we clear up some of the obstacles in our path."

Trump: "We're talking about many different deals.” pic.twitter.com/xBEgIljmTy

— Jennifer Jacobs (@JenniferJJacobs) 25 августа 2019 г.

According to Bloomberg outlet, US President Donald Trump told reporters during the G7 summit in France that he might invite Russian President Vladimir Putin as a guest for the next summit that will be held in the US.