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West EuropeGermany· Berlin
First report 1h ago•Last update 2m ago

EU's 'de-risking' strategy to reduce trade dependency on China

The EU is implementing a 'de-risking' strategy to reduce trade dependencies, particularly with China, by building new supply chains and boosting domestic components, while also discussing its broader economic power and relationship with the US.

Background

The European Union is actively pursuing a strategy to lessen its economic reliance on China, a major global trading partner. This initiative involves diversifying supply chains and strengthening domestic production capabilities. This policy shift is part of a broader discussion about the EU's economic standing and its relationship with the United States.

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