Dutch foreign ministry: EU will respond to new Chinese export rules

It will be up to the European Union to respond to new rules introduced by China requiring a license to export two metals widely used in semiconductor manufacturing, the Dutch government said on Tuesday.

China's decision announced July 3 is a response to recent export restrictions imposed on it by the U.S. and allies. The Netherlands on Friday introduced new rules requiring a license to export chipmaking equipment made by ASML, the Netherlands' largest company.

"To what extent this will have consequences for the European and Dutch economy will depend on how China carries it out," the statement said. "Given the authority that the European Union has in trade policy, it's primarily up to the EU to address China about these measures."