G7 warns China on trade practices, urges end to support for Russia
POLITICO Europe — June 14, 2024, 06:00 PM UTC
Summary: G7 leaders will issue a warning to China on trade practices, citing concerns over "harmful overcapacity" and "market distortions." They urge China to stop transferring dual-use materials to Russia. The EU plans to impose up to 38.1% duties on Chinese electric cars. Leaders also aim to target entities supporting Russia's defense sector. A deal was made to use frozen Russian assets for a $50 billion loan to aid Ukraine.
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