EU retaliatory measures could include taxes on digital services that could be aimed at U.S. technology companies such as Alphabet, the parent of Google, or Meta Platforms, which owns Facebook.

China’s exports of rare-earth magnets increased nearly threefold in June from the previous month, after the country lifted some export controls on the critical industrial inputs following a deal with the U.

China's exports of rare earth magnets to the United States in June soared to more than seven times their May level, marking a sharp recovery in the flow of critical minerals used in electric vehicles and wind turbines after a Sino-U.