EU moves to propose diversification law to cut reliance on China (opens original article in a new tab)

The European Union is advancing measures to reduce reliance on China by proposing a law requiring companies to diversify supply sources and enhance supply chain resilience.

• EU plans to propose a law requiring companies to diversify key supply sources
• European Commission aims to reduce economic dependence on China and enhance supply chain resilience
• EU leaders discussed addressing trade deficit with China and potential trade measures