China Wants Chips, EU Holds the Cards
As Beijing eyes advanced lithography machines from Europe, EU closes ranks against coercive Chinese ways…writes Dr Sakariya Kareem With members of the European Union closing ranks to combat unethical trade practices by China, Beijing’s ploy to address the imbalance in trade faced by EU conditional on softening control on the export of advanced lithography machines from Dutch giant ASML may not meet with success. The trade deficit faced by the EU with China was about $35 billion in September this year, working out to over $1 billion of additional deficit in a day. On October 9, after four months of
