China signals concessions to the EU on export controls.

Talks Underway EU and China Do Not Want a Trade War

2026-07-01 Source: dpa | Translated by AI 1 min Reading Time

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In the dispute over export controls for rare earths and permanent magnets, China is apparently ready to make concessions to the EU, as is now becoming evident ...

Maros Sefcovic is the EU Trade Commissioner. He has now spoken with China's Trade Minister Wang Wentao on the topic of avoiding a trade war. It appears that both trade regions are approaching each other. Some points of the possibilities are expected to be implemented in the fall ...(Image: EU) — Maros Sefcovic is the EU Trade Commissioner. He has now spoken with China's Trade Minister Wang Wentao on the topic of avoiding a trade war. It appears that both trade regions are approaching each other. Some points of the possibilities are expected to be implemented in the fall ...
(Image: EU)

EU Trade Commissioner Maros Sefcovic announced after talks with China's Trade Minister Wang Wentao that the latter assured that the existing export controls would not disrupt the EU's supply chains. Both sides also initiated new trade and investment consultations to ease fundamental trade conflicts, according to further details. For context: China introduced export controls on rare earths and high-performance magnets following tariff decisions by U.S. President Donald Trump. However, the measure essentially affects the entire EU. To ease the situation, there will now be concrete efforts on topics such as the balance of trade and investments, export controls, intellectual property rights, and a reform of the World Trade Organization (WTO).

Now that relations with China have been discussed in Brussels, the Chinese dragon is taking the precaution of standing on its hind legs and making it clear to the EU that it will no longer put up with everything ... (Image:Jing Po)

China and the EU Want More Transparency in Trade Flows

Sefcovic stated that trade relations with China now need to become more balanced. China's exports to the EU continue to rise, while the market share of European companies in China is shrinking. This trend, Sefcovic explained, is not sustainable, and maintaining the status quo is not an option. The timeline now foresees concrete results by October. The Trade Commissioner plans to travel to Beijing in the fall to assess the progress. In the EU, new additional tariffs on imports from China have recently been considered if no rapprochement occurs in the ongoing trade conflicts. Both sides also plan to establish a monitoring mechanism to control trade flows.

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