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Europe News
Defence industry warns EU to ‘urgently’ curb dependence on rare earths
Industry representatives and analysts say the restrictions highlight the EU’s urgent need to cut its dependence on Chinese critical materials, even as Brussels pushes to diversify supplies and boost domestic production through the Critical Raw Materials Act.
Markets
European markets turn gloomy as US–China trade war looms
Relations between China and the US are souring as the countries place fees on each other’s ships, worrying investors. The new front in the trade war comes despite President Trump’s claim on social media: "Don't worry about China, it will all be fine!”
Markets
‘It will all be fine’: Donald Trump reacts and European markets rise
Leading stock indexes in Europe climbed after the US President responded to mounting trade tensions between Washington and China. There's also been a positive reaction to a ceasefire in Gaza between Israel and Hamas, while France's new government is promising to end its budget chaos.
USA
Trump threatens new 100% tariff on Chinese imports
Expressing frustration with new export controls placed on rare earth elements by China, Trump threatened to place an additional 100% tax on Chinese imports, potentially escalating tariff rates close to levels that in April fanned fears of a global recession.
