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EU Tries to Diversify Away from China
Description
The EU is gearing up to shield its industries from Chinese imports and diversify supply chains for vital materials like metals and clean tech, aiming to rebuild lost manufacturing expertise. As G7 nations prepare to tackle trade imbalances—especially over rare earths—EU leaders plan sweeping trade measures, including tariffs and quotas across sectors, not just specific products. China retaliates, calling EU tactics unfair and warning of backlash if “Buy European” policies move forward. The push for economic resilience is fraught with risk: balancing domestic industry support against the danger of triggering global trade wars.
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