The European Union’s member states are considering how to react to China’s extensive limits on rare earths, which have rekindled a high-stakes trade dispute that Brussels had planned to settle at a summit in July.
Although no specific item is anticipated on the agenda, the matter is expected to be discussed at a summit of leaders on Thursday. Leaders are aware that it’s a crucial issue,” a senior EU official stated.
France brought up the topic of rare earths during the summit’s preparations and recommended adding language to the conclusions, multiple diplomats told Euronews. Poland backed the French plan, which was not widely accepted.
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One European Union official stated that Germany hopes to bring up the topic of rare earths during the summit. Germany might influence the negotiations as the bloc’s largest economy and encourage other capitals to do the same.
But because German businesses have strong ties to China, Berlin has been accused of playing a double game in the relationship. Germany attempted last year to stop anti-subsidy levies on Chinese electric vehicles. The acts of Germany contradict their rhetoric,” a diplomat stated. With Beijing enforcing new, stringent export restrictions earlier this month, EU leaders are facing pressure from their industry.
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