The European Council, chaired by Antonio Costa, addressed unsustainable trade deficits and China's dominance in critical minerals, prompting new EU legislation.
1 report, 1 independent
Updated Jun 19
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What happened
The European Council, chaired by Antonio Costa, addressed unsustainable trade deficits and China's dominance in critical minerals, prompting new EU legislation.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- France and Germany are calling for new EU market tools to address mounting trade pressure and unsustainable deficits from China.Sub-event
- Council summits are held in Brussels where the European Council discussed the threat posed by China.Sub-event
EU institutions address China's critical mineral dominance and trade deficit.1 source
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The entities involved
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China
cultural region, ancient civilization, and nation in East Asia; mostly refers to the People's Republic of China in political situation and rarely refers to the Republic of China
- The EU is reportedly seeking to restore its competitiveness against China, leading to the erection of new trade barriers against Chinese goods.
- Geopolitical tensions and economic uncertainty are mounting, adding new pressures on global supply chains and US West Coast ports, despite China remaining a major trading partner.
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European Council
institution of the European Union defining the EU's general political direction and priorities and consisting of heads of state or government of the EU's member states
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European Commission
executive branch of the European Union
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- The European Investment Bank and European Commission provided loans and guarantees to support local businesses in the Dominican Republic for sargassum management.
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- António Costa leads a European Council summit focused on global competitiveness.
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