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 to diversify sources to reduce dependency on Chinese materials.
Full Article
Europe’s ‘happy vassal’ complex
The recent US-EU trade agreement has significantly weakened the EU's global standing, exposing its political vulnerabilities and undermining its climate agenda while highlighting a troubling trend of “vassalisation heureuse.” As Trump’s imperial vision takes shape, the EU struggles to assert its sovereignty amid growing dissatisfaction among Europeans, revealing an existential threat that could reshape international order if not effectively resisted. Want More Context? 🔎
Read more