G7 Trade Ministers Target Minerals Amid US Tariff Threats
G7 ministers in Paris aim to secure mineral supplies and reduce reliance on China. US threats to raise car tariffs to 25% are currently straining group unity.
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G7 trade ministers meeting in France sought to secure critical mineral supplies while facing a United States threat to raise car tariffs to 25%. The move targets China, which dominates the global market for minerals used in electric vehicles and defense systems. Investors face heightened volatility as transatlantic trade tensions risk disrupting supply chain stabilization efforts.
