Excluding Chinese Products Will Not Make EU Supply Chains Safer
According to a Bloomberg report on November 3, the European Commission plans to roll out a package of measures in mid-December, urging domestic firms to switch to alternative suppliers to "reduce reliance on China".
Supply chains are the result of long-term market choices and reflect the laws of the market. Defying market laws, forcing companies to change suppliers via discriminatory policies will inevitably disrupt stable supply chains, drive up production costs and weaken industrial competitiveness.
The EU relies on Chinese imports for certain products fundamentally because of its weak manufacturing competitiveness. Without tackling this root cause and only demanding that companies change suppliers is putting the cart before the horse. Far from making EU supply chains safer, it will impose extra burdens and risks on local businesses.
