Overview

• EU Trade Commissioner Maros Sefcovic said talks in Paris showed no clear progress on EU tariffs on Chinese electric vehicles or China’s anti-dumping duties on European brandy
• Negotiations unfolded amid rising EU concern over Beijing’s export limits on critical minerals vital to automotive, aerospace and semiconductor sectors
• EU Industry Commissioner Stephane Sejourne highlighted the bloc’s goal of reducing dependency on China by diversifying raw material sources to bolster economic autonomy
• Brussels is managing its engagement with Beijing carefully to avoid aggravating US tensions after Washington imposed steep tariffs on European steel and aluminium
• Shares in Airbus rose on reports that talks to sell hundreds of planes to China have gained momentum ahead of next month’s summit