China has indicated it may expedite the approval process for rare earth exports to EU companies, aiming to ease tensions in their trade relationship. Following discussions between Chinese Commerce Minister Wang Wentao and EU Trade Commissioner Maros Sefcovic, China also plans to finalize its investigation into EU brandy imports by July 5. Additionally, both parties are nearing an agreement on Chinese electric vehicle exports to the EU, potentially replacing tariffs with minimum pricing mechanisms. These moves signal an effort to stabilize bilateral trade amid recent disruptions.
— new from Reuters