Politics

EU Commission President von der Leyen says that a stronger, independent Europe is now emerging

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Von der Leyen announced that a stronger, independent Europe is emerging, addressing China's trade deficit, critical raw material stockpiling, an upcoming banking package, and AI cooperation.

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Geopolitics: Dealing with an openly hostile world. Economic Commentary: Unemployment is towards record lows. EU-China: The EU's trade deficit with China has reached its tipping point. Are engaged with dialogue with China to rebalance trade. Will use all tools possible to rebalance trade. EU will establish a new European cooperation to help obtain and stockpile critical raw materials. Banking: Will be putting forward a new banking package. AI: EU can help shape/tackle AI risks. Will step up efforts with Canada and the UK on this issue.

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