Former UK Prime Minister Gordon Brown is calling for an “economic coalition of the willing” to combat Donald Trump’s tariffs with coordinated policies, including interest rate reductions. Brown also emphasizes the need for the UK to strengthen ties with the EU beyond simply removing post-Brexit trade barriers. He warns that Trump’s actions could push the world into a recession, but by learning from the 2008 financial crisis, it is still possible to prevent this outcome.
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EU urges China to loosen rare earth curbs as carmakers near crisis point
The EU is urging China to ease export restrictions on rare earth elements, which are critical for the car industry, as production risks halting due to shortages caused by China's new licensing system. European trade commissioner Maroš Šefčovič raised concerns with Chinese commerce minister Wang Wentao, noting the severe impact on manufacturers like Ford. China, which processes 90% of rare earth magnets, is facing pressure to clarify export data, while EU officials emphasize the need...
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