World Business Report China and European Union leaders talk trade and critical minerals
Jul 24, 2025
China's President Xi Jinping and EU Commission president Ursula von der Leyen discussed trade imbalances and critical minerals, stressing the need for stronger communication. Meanwhile, the European Investment Bank launched a $450 million initiative to foster entrepreneurship in Africa. The toy industry is also navigating the impact of rising costs due to US tariffs. These discussions spotlight the complex dynamics between global powers and the potential for new ventures across emerging markets.
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EU-China Trade Imbalance
- EU-China trade is imbalanced: EU takes 14.5% of China's exports but China has only 8% of EU exports.
- EU seeks technological transfer and fairer investment conditions to rebalance relations.
EV Tariffs and Technology Transfer
- EU imposes higher tariffs on Chinese electric vehicles to prevent dumping.
- China adapts by investing more in EU to avoid tariffs and push for technology transfer.
EU-China Dialogue Emphasis
- China and EU emphasize dialogue and cooperation despite differences.
- Both sides understand compromises must be mutual for partnership to work.