EU to force companies to buy components from non-Chinese suppliers, FT reports - Reuters
EU to force companies to buy components from non-Chinese suppliers, FT reports Reuters
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"tackle the bloc's 1 billion euro ($1.16 billion) a day trade deficit and insulate companies from China's 'weaponisation of trade.'"
— Maros Sefcovic , Politician
"This comes as China continues to use its chokehold on the processing of many minerals as leverage."
— Maros Sefcovic , Politician
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<a href="https://news.google.com/rss/articles/CBMitAFBVV95cUxNQWJCZjhjZFBkS1VfNWNRVGs3b1lpTlZzTEJ6eEhLLUs0bDJKbmZFWTZUMWQ5YlVpREh6X3ZCLS0wQjdiZUpNOWUwN096UUNSR3ZXNVZ2M2F0Y09veF9NNlJpYzRoeWstd016cWNocjF1SkZTVEtDREdXSU5QQW90UDhCd0pKWG14QU5VTDBHNTVfcW5TbkU5eDVibGlDZV9PV01tblJ4dVR2eE42UGpmVmkzWVI?oc=5" target="_blank">EU to force companies to buy components from non-Chinese suppliers, FT reports</a> <font color="#6f6f6f">Reuters</font>
The European Union is planning to mandate that companies purchase critical components from at least three different suppliers to reduce reliance on China, affecting sectors like chemicals and industrial machinery.
The European Union is drawing up plans to force companies in the bloc to buy critical components from at least three different suppliers in an attempt to reduce reliance on China, the Financial Times reported on May 18.
The EU is planning to mandate European companies to source critical components from at least three different suppliers — aiming to reduce reliance on China. This would impact sectors like chemicals and industrial machinery, as reported by the Financial Times and detailed by Reuters.
The European Union is drawing up plans to force European companies to buy critical components from at least three different suppliers, in an attempt to reduce the bloc's reliance on China, the Financial Times reported on Monday, citing two EU officials familiar with the matter.
The European Union is drawing up plans to force European companies to buy critical components from at least three different suppliers, in an attempt to reduce the bloc's reliance on China, the Financial Times reported on Monday, citing two EU officials familiar with the matter.
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