Brussels wants industry to ditch Chinese suppliers. Businesses are pushing back
The package could use tariffs, contracts and subsidies to push companies to broaden supplier networks and cut exposure to Beijing.
4 Articles
4 Articles
EU's push to reduce reliance on China could come at a price
Brussels is preparing a new tool to shield the EU economy from countries weaponising its strategic dependencies. But European businesses fear the costs of diversification - and question which sectors will be targeted.
Brussels wants industry to ditch Chinese suppliers. Businesses are pushing back
European industry has bristled at EU plans to force businesses to diversify their supply chains away from China, as the bloc gears up for a new package of de-risking measures later this year. In December, the European Commission will present a trio of new instruments, none of which will name China, but the overall aim is to wind down dependencies on Beijing and allow the EU to punch back in a trade war scenario. One tool – DiversifyEU – could co…
In the responses to the consultation on the DiversifyEU package, expected on 9 December, car manufacturers, German industry, Nokia and Ikea warn Brussels: alternatives to China do not exist and duties and obligations will increase costs.
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