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EU: No strategy yet if China halts critical exports in U.S. trade war
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EU: No strategy yet if China halts critical exports in U.S. trade war
The European Union on Thursday said it had no clear strategy on how to ensure continued supplies of critical raw materials if China, the world's leading supplier of rare earth minerals, used such exports as leverage in the escalating U.S.-China trade war. EU Trade Commissioner Cecilia Malmstrom said the EU's executive Commission was beginning to look carefully at the issue, but had not developed a clear strategy. Rising tensions between the United States and China have sparked concerns that Beijing could use its dominant position as a supplier of rare earths for leverage in the trade war between the world’s top two economic powers.
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