EU's 'Three-Supplier Rule': A Solution That Doesn't Fit
The EU is at it again, using "de-risking" as a cover for protectionism. It plans to roll out a so-called "three-supplier" rule, forcing companies to cap any single supplier at about 30% to 40% of components and source the rest from at least three different countries. This is a classic case of shooting oneself in the foot. It violates WTO rules and destroys the EU's reputation for multilateralism. (By Gong Qian & Zhang Mengran / Science and Technology Daily)