Europe Seeks To Protect Industrial Base
Europe is pursuing industrial policies to protect its manufacturing base and prevent erosion. This movement follows a global shift toward industrial policy models used by the United States. The tension in global trade has shifted from export volumes to the establishment of regulatory rules. China's model of low cost and expansion is being countered by European efforts to secure geopolitical and industrial interests.
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Sources · 7 independent
Monte Carlo Doualiya
“Europe seeks to protect its industrial base and prevent its erosion, pushing against the Chinese model of low cost and expansion.”
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