Trump planned to host the G7 summit at Trump National Doral Golf Club in Miami in 2020 before the proposal was scrapped over ethics concerns that his business would profit from his presidency. The summit was ultimately held virtually because of the COVID-19 pandemic.

Trump also confirmed on Friday that he will not attend this year’s G20 summit, scheduled for this November in Johannesburg, due to disagreements with South Africa over its policies regarding white farmers.

“I won’t be going. JD will be going, great vice president, and he looks forward to it,” Trump said.

Trump made the announcement alongside Miami Mayor Francis Suarez, who ran against the president for the 2024 Republican presidential nomination, and Treasury Secretary Scott Bessent. Trump also said he invited Polish President Karol Nawrocki, who was at the White House on Wednesday, to attend the G20 summit from Dec. 14-15, 2026.

“I endorsed him, actually, and he won, and he’s going to be a great leader of Poland,” Trump said of Nawrocki.

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A White House official told CBS that the U.S. “will be taking a back-to-basics approach to its host year, streamlining the summit and related workstreams and aligning the agenda with the G20’s founding goals of economic growth and financial stability.”

The official added that Trump would hold the summit “at-cost, and will receive no profit from either the State Department or a foreign government,” and that “the guest list will be smaller than recent G20 summits.”