The EU has warned China that there must be a “prompt resolution” to restrictions on essential exports of critical materials that have hobbled some of the bloc’s manufacturing industries.
“We have no interest in escalation. However this situation has cast a shadow over our relationship, therefore a prompt resolution is essential,” European trade commissioner Maroš Šefčovič told a press conference in Strasbourg after talks with Chinese officials.
China, in response to US export controls, has forced overseas companies to obtain licences to import many rare earths. It recently tightened measures, with foreign owned businesses forced to ask permission to export some products with even a small amount of China-sourced materials.
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