The European Commission will propose a new law requiring EU companies to diversify their sources of key supplies, its president Ursula von der Leyen has said, while China urged the G7 nations to respect market economy principles and international trading rules.

The Commission is set to develop new trade defence tools, including a diversification instrument, to tackle the EU's "unsustainable" trade deficit with China, with the political…

The European Commission will propose a new law requiring EU companies to diversify their sources of key supplies, its president Ursula von der Leyen has said, while China urged…