G7 trade ministers to discuss critical minerals supply chain, French minister says

U.S. Trade Representative Jamieson Greer, left, is welcomed by France’s Trade Minister Nicolas Forissier for the G7 trade meeting in Paris, France, May 6, 2026. Aurelien Morissard/Pool via REUTERS

PARIS, May 6 (Reuters) – G7 trade ministers will ‌discuss securing the critical minerals supply chain in Wednesday’s meeting, French trade minister Nicolas Forissier ​said.
They will discuss rare earths, ​critical minerals and securing the supply chain ⁠so as not to be “hostage to ​certain countries that dominate the market”, ​Forissier told reporters before the meeting.
The ​meeting comes ahead of the main ​G7 summit in mid-June and after an announcement by ‌U.S. ⁠President Donald Trump that he would raise tariffs on cars from the European Union to 25% from 15%.
German Economy ​Minister Katherina ​Reiche said ⁠ahead of the meeting that she was in intensive talks ​with U.S. officials over the ​tariffs. ⁠Germany’s export-dependent automotive sector has already been under strain from weakening demand in China, ⁠slower ​global growth and higher ​input and labour costs.

Reporting by Elizabeth Howcroft and Makini ​Brice; Editing by David Goodman, Alexandra Hudson

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