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G7 leaders turn attention to simmering tensions with China

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By illuminem briefings

· 1 min read

illuminem summarizes for you the essential news of the day. Read the full piece on France24 or enjoy below:

🗞️ Driving the news: G7 leaders, meeting in Italy, are focusing on managing trade tensions with China, especially in green technology, while avoiding a trade war

🔭 The context: The discussions include addressing China's subsidies in green tech sectors and its alleged support for Russia's military, which Western leaders claim fuels the Ukraine conflict

🌍 Why it matters for the planet: Ensuring fair trade practices in green technology is crucial for the global transition to sustainable energy and combating climate change

⏭️ What's next: The G7 aims to form a united front against China’s trade practices and export restrictions, potentially leading to new tariffs and diversified supply chains

💬 One quote: "We will confront China's non-market policies that are leading to harmful global spillovers," said John Kirby, US National Security Council spokesman

📈 One stat: The EU plans to impose tariffs of up to 38% on Chinese electric vehicles starting next month

Click for more news covering the latest on ethical governance and green tech

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