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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. While none will name China, the overall aim is to wind down dependencies on Beijing and allow the European Union to punch back in a trade war. One tool – DiversifyEU – could compel businesses in key sectors to expand their supplier base, potentially through the use of tariffs or incentives tied to public contracts…
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