Rio Times · Analysis
Key Facts
—The G7 Pivot At its June 2026 summit, the Group of Seven publicly committed to diversifying trade networks away from China, a declaration expected to trigger EU legislation compelling companies to reduce reliance on Chinese rare-earth and strategic-material suppliers.
—The EU-China Clock The EU and China agreed to three months of trade consultations in early July 2026 to address a €360 billion trade deficit, averting an immediate trade war but setting a high-stakes deadline for concessions on electric vehicles, green technology and industrial components.
—The US Tariff Calendar A July cluster of US trade-policy deadlines—including the expiry of Section 122 temporary global tariffs on July 24 and new Section 301 measures targeting more than 60 jurisdictions—is expected to drive global trade volatility and keep average US tariffs historically high.
