Are Europe and China set for a chip war?

Are Europe and China set for a chip war?

Europe faces a difficult trilemma when dealing with China. Firstly, the European Union’s trade deficit with Beijing has widened, especially since the pandemic, posing threats to key sectors of European industry. Secondly, there are specific dependencies on China, such as rare earths, which the country can leverage as chokepoints against Brussels. Finally, Europe is dependent on the US for a large share of imports and the security umbrella, which…