During a session on the global economy at the G7 summit in Kananaskis, Canada, von der Leyen slammed Beijing for disrupting global trade by deploying subsidies to boost its own companies, according to an EU readout of the event. The chief of the EU executive accused China of “weaponizing” its leading position in producing and refining critical raw materials, and of ignoring global trade rules to undercut competitors.
Since April, Beijing has significantly restricted exports of permanent magnets and the minerals needed to make them. While that move came in response to Trump’s tariffs on China, Beijing has applied the restrictions globally, hurting Europe too.
“When we focus our attention on tariffs between partners, it diverts our energy from the real challenge — one that threatens us all,” von der Leyen said
Well it seems China is the common economic enemy.