The decision comes as nations around the world seal their borders and ban travel to stop the virus' spread.
Trump held a video conference with the leaders of the world's major industrialized countries earlier this week and plans to repeat that in April, May and June, when the physical meeting at the presidential retreat in Maryland was scheduled to take place.
White House economic adviser Larry Kudlow, who also serves as Trump's G7 "sherpa," has informed his counterparts about the move.
"In order for each country to focus all of its resources on responding to the health and economic challenges of COVID-19 and at President Trump's direction, National Economic Council Director and U.S. Sherpa for the 2020 G7 Larry Kudlow has informed his Sherpa colleagues that the G7 Leaders' Summit the U.S. was set to host in June at Camp David will now be done by video-teleconference," White House spokesperson Judd Deere said in a statement to Reuters.
"The White House also informed the other G7 members that in order to continue close coordination, the President will convene the Leaders' via video teleconference in April and May just as he did this week," he said.
The White House views the change as part of mitigation efforts to fight the virus. Countries normally send large delegations with their leaders to G7 summits and journalists from around the world convene to cover their meeting as well.
(Cover: U.S. President Donald Trump takes questions during a press conference on final day of the G7 summit in Biarritz, France, August 26, 2019. /AP)