Topic
g7
Trade China's Export Surge Sparks Europe Fears as G7 Weighs Response to 'China Shock 2.0'
China's booming exports are causing concern in Europe as G7 leaders discuss growing trade imbalances. The EU may consider stronger trade barriers against Chinese imports, particularly in electric vehicles and advanced machinery. Germany has been especially affected, with its economy contracting in 2023 and 2024.
Trade G7 Leaders Agree to Cut China Dependence on Critical Minerals by 2030 with New Platform
G7 leaders agreed to reduce their dependence on China for critical minerals, setting a target to cut reliance on any single non-G7 supplier for rare earths and permanent magnets to below 60% by 2030. They will create harmonised mechanisms and a platform supported by the International Energy Agency, starting with lithium and nickel pilots. China currently controls about 90% of global processed rare earths and permanent magnets.
Trade Will India-US trade deal be announced at G7? USTR signals more talks, says pact not imminent
According to a Times of India report, the U.S. Trade Representative has signaled further talks with India, indicating that a bilateral trade deal will not be announced at the upcoming G7 summit. The report did not include specific trade figures, tariff concessions, or a timeline for a final agreement.