Wednesday
Jun172026
Elbows-Up Economics
Wednesday, June 17, 2026 at 7:08AM Bloomberg: G7 agree to reduce reliance on China
Today marks the last day of the G7 summit in France. Bloomberg is reporting the group of seven is aiming to reduce reliance on China. According to the report, the leaders have agreed that no single country should supply more than 60% of imports of critical minerals by 2030. The countries plan to introduce binding quotas for companies in some industrial sectors as well as set up a platform to increase supply from recycling and new mining projects. China currently controls roughly 70% of the market for refining processes for critical minerals. BNN Bloomberg Daily Chase
The heading should read "Everyone in G7 except Canada agrees to reduce reliance on China".
Heil Carney Marx!
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