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China Restricts Dual-Use Exports to 7 European Firms Over Taiwan Arms Links

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China has announced a ban on exports of dual-use items to seven European entities, accusing them of involvement in arms sales to Taiwan. The affected companies include Germany’s Hensoldt AG, Belgium’s FN Browning, and several Czech defence firms, with Beijing placing them on its export control list. China said the move targets organisations that “colluded with Taiwan,” which it considers part of its territory.

The restrictions apply to goods, software, and technologies with both civilian and military uses, such as components used in drones and semiconductors. Beijing stated that all related transfers must stop immediately, though it may grant case-by-case approvals in exceptional situations. China also said it had informed the European Union through its export control dialogue mechanism before announcing the measures.

European and Czech officials have sought clarification, with some companies saying they do not expect major business impacts. The Czech government has instructed its embassy in Beijing to seek explanations, while firms like Excalibur Army said they do not directly rely on Chinese dual-use imports. The move comes amid growing geopolitical tensions over Taiwan, which China claims as its own but which Taiwan’s government rejects.

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Mail Blunder and Mistrust Stall Italy’s Fight Against Chinese Crime Networks

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A bureaucratic mishap in Italy has highlighted deeper issues hampering cooperation with China in tackling organized crime. Documents sent by Chinese authorities in response to an Italian legal assistance request were mistakenly rejected by Italy’s Justice Ministry after staff refused to pay a delivery charge, unaware of their importance. The error forced Rome to request the materials again, but they have yet to be resent, delaying progress in a case tied to an attempted murder involving Chinese nationals.

Italian prosecutors say such setbacks are worsening an already fragile relationship with Beijing, limiting efforts to combat Chinese criminal networks operating across Italy. Investigations over the past decade have uncovered activities ranging from money laundering and illegal immigration to drug trafficking and labor exploitation, yet few cases have reached court. Authorities argue that cooperation from China is essential, as many of these networks operate transnationally, but internal disagreements and political caution in Italy have slowed engagement.

Despite initial signs of collaboration—including outreach from Chinese officials and meetings in the city of Prato—progress has stalled due to concerns over jurisdiction, security risks, and cybersecurity threats. Italian officials remain wary of deeper ties, especially following alleged cyberattacks linked to China. While some see cooperation as a critical opportunity to curb organized crime, divisions within Italy’s legal and political system continue to hinder a unified approach.

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China, Spain Strengthen Ties Amid Global Uncertainty

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Pedro Sanchez and Xi Jinping met in Beijing to reinforce bilateral relations, emphasizing the need for stronger cooperation as the global order faces increasing instability. During the talks, Xi described the international system as “crumbling,” while Sanchez stressed that closer ties between Spain and China are essential to safeguard multilateralism.

Sanchez’s visit reflects a broader trend of Western leaders engaging with China despite ongoing geopolitical and trade tensions, particularly with the United States. Spain has positioned itself as a proponent of deeper economic collaboration with Beijing, advocating for China to play a more active role in global challenges such as climate change, security, and inequality.

During the visit, both sides agreed on measures to reduce Spain’s trade deficit and expand cooperation in agriculture, transport, and infrastructure. Sanchez also highlighted global conflicts, including situations in the Middle East and Ukraine, while reiterating Spain’s stance on upholding international law and diplomatic engagement.

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US Launches Trade Probe Into Major Global Partners

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The United States has launched a new investigation into several major trading partners, including China, European Union and India, following a court ruling that struck down part of former tariff policies introduced by Donald Trump. The probe, announced by US Trade Representative Jamieson Greer, will examine alleged unfair trade practices and could lead to new import taxes on goods from the targeted countries. Officials said the investigation could be completed by summer.

The inquiry is being carried out under Section 301 of US trade law and covers a wide range of economies including Japan, South Korea, Mexico, Vietnam and Bangladesh. The administration argues the move is necessary to protect American manufacturing from what it calls excess production and unfair competition from overseas markets. Notably, Canada, the second-largest US trading partner, was not included in the probe.

The investigation follows a ruling by the Supreme Court of the United States that found earlier global tariffs introduced in 2025 unlawful. After the decision, Trump imposed a temporary 10% tariff on imports worldwide and signalled it could rise to 15%. The probe also comes ahead of expected talks between US officials and representatives from China in Paris, which may pave the way for a meeting between Trump and Chinese President Xi Jinping later this month.

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EU ‘Made in Europe’ Auto Plan Risks Trade Tensions

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The European Union is preparing to introduce stricter “Made in EU” requirements for automakers as part of a proposed Industrial Accelerator Act aimed at reviving domestic manufacturing. Under draft rules, electric vehicles would need at least 70% of their parts’ value — excluding the battery — produced within the bloc to qualify for subsidies, alongside minimum EU-based battery content. The move is designed to counter mounting pressure from cheaper Chinese electric vehicle imports and prevent further industrial decline.

However, the plan has exposed divisions within the EU. France has pushed for stronger protection of local suppliers, warning of further factory closures and job losses without firm local-content mandates. Germany, whose carmakers depend heavily on exports to China, fears that stricter rules could trigger retaliatory trade measures. Industry groups caution that global auto supply chains are deeply integrated, making compliance complex and raising the risk of disrupting production networks.

Non-EU countries such as Britain and Turkey, key manufacturing hubs for European brands, are lobbying to be included in the framework. Automakers warn that excluding these partners could weaken EU production itself, while including them may create loopholes for Chinese firms to benefit indirectly. With billions of euros in subsidies and thousands of jobs at stake, policymakers are walking a tightrope between strengthening European industry and avoiding backlash from global trading partners.

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Glencore to Buy $115M Cobalt from Industry Veteran for U.S. Stockpile

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Glencore has reached an agreement to purchase nearly 2,000 metric tons of cobalt from industry veteran Rami Weisfisch, worth around $115 million at current market prices. The deal, spanning 12 months in 2026, is expected to supply the United States for its planned National Defense Stockpile under Project Vault, a program backed by $12 billion in public and private funding. The cobalt, originally acquired by Weisfisch in 2015, is stored across Europe and the U.S., and marks the end of Weisfisch’s 50-year involvement in the cobalt industry.

The move comes amid heightened U.S. efforts to secure critical materials, including cobalt, to reduce reliance on China, the dominant global supplier and processor of strategic metals. Glencore’s CEO Gary Nagle confirmed the company’s participation in Project Vault, following the cancellation of a U.S. Defense Logistics Agency tender for cobalt last year. The deal uses pricing tied to Fastmarkets assessments, ensuring alignment with current market conditions.

Cobalt prices have surged approximately 160% since February 2025, reaching $26 per pound ($57,320 per ton), driven by tight supply and rising global demand. Democratic Republic of Congo, the top producer, imposed export quotas from February to mid-October, disrupting supply chains. China, the largest cobalt processor, has been most affected by these restrictions, scrambling to secure cobalt for its industries, including lithium-ion battery production for electric vehicles and mobile devices.

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German Chancellor Merz Visits China Amid Trade Challenges

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German Chancellor Friedrich Merz has embarked on his first official visit to China, leading a delegation of senior German business leaders, including heads of Volkswagen, BMW, and Mercedes-Benz. The trip aims to strengthen economic ties as Germany faces growing trade deficits and competitive pressures from China’s booming electric vehicle industry. Merz’s visit comes amid concerns over supply chain vulnerabilities and global economic rivalry.

China, Germany’s largest trading partner in 2025, has reversed years of trade surpluses, leaving Germany with a deficit of nearly €90 billion. German officials warn that export controls, overcapacity, and rising competition from Chinese firms have created a challenging environment for German manufacturers, prompting calls for Merz to negotiate better terms for industry.

During his visit, Merz is scheduled to meet President Xi Jinping and Prime Minister Li Qiang, signing economic agreements and visiting major facilities, including a Mercedes-Benz EV plant and Siemens Energy site. The trip reflects Germany’s strategic effort to balance trade relations with China while addressing EU measures protecting local industries from underpriced imports.

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China Signals Possible Tariffs on French Wine Amid EU Trade Tensions

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China could investigate French wine imports or impose reciprocal tariffs on European Union products if France pushes for tougher trade measures against Chinese goods, a social media account linked to state broadcaster CCTV said on Wednesday. The warning followed a French strategy report urging the EU to consider a 30% blanket tariff on Chinese imports or a 30% depreciation of the euro against the renminbi to counter rising low-cost imports. The account said such measures would breach World Trade Organization rules and amount to a “declaration of trade war.”

The comments unsettled markets, with shares of French spirits makers Remy Cointreau and Pernod Ricard falling before trimming losses. French government spokesperson Maud Bregeon said the proposal had not been adopted by the government, though she did not dismiss its rationale. France’s trade and finance ministries have yet to issue formal responses.

The latest tensions echo last year’s dispute when China launched an anti-dumping probe into EU brandy, widely seen as retaliation for EU tariffs on Chinese electric vehicles — tariffs France supported. While Beijing has reiterated its willingness to engage in dialogue with France and the EU, it also stressed it is prepared to respond firmly to any trade challenges.

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Estonia Warns of Russian Military Buildup

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Estonia’s foreign intelligence service has reported that Russia is rebuilding its military forces in response to Europe’s rearmament, though it does not plan to attack any NATO state in the near term. According to the report, Moscow aims to delay and hinder Europe’s ability to conduct independent military action, viewing European rearmament over the next two to three years as a significant concern.

The intelligence service highlighted Russia’s rapid expansion of ammunition production, which allows for stockpiling supplies for potential future conflicts while continuing operations in Ukraine. Any hypothetical attack on Estonia could involve coordinated drone operations across land, air, and sea. Estonia emphasized the need for the continent to invest in defense and internal security to deter potential aggression.

The report also noted Russia’s continued view of the U.S. as its main adversary while attempting to use diplomatic channels to ease sanctions and influence the Ukraine conflict. It highlighted Moscow’s strategic alignment with China, which could use Russian cooperation to challenge Western influence globally, particularly in the context of energy and military technology collaboration.

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Macron Urges Europe to Assert Global Power

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French President Emmanuel Macron has called on Europe to step up as a global power, warning that the continent faces a “wake-up call” amid rising challenges from China, Russia, and the United States. Speaking to European media ahead of an EU summit in Brussels, Macron emphasized the need for the EU to strengthen its economy, defense, and democratic systems, arguing that Europe must act cohesively to secure its strategic interests.

Macron proposed EU-wide mutualized loans, or “eurobonds for the future,” to fund industrial and technological investment. He highlighted the growing global demand for such shared European debt, while urging member states to protect key industries like security, clean energy, and artificial intelligence without resorting to protectionism.

The French leader stressed Europe’s vulnerability in a changing world order, citing climate change, dwindling U.S. security guarantees, and China’s rising influence. Macron urged the 27-member EU to embrace its collective strength of 450 million people, insisting that becoming a global power is the natural continuation of the European project to maintain peace and build a robust market.

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