The European Union could face 300,000 job losses, according to Eurometal, as European companies struggle with high energy costs and growing competition from abroad. Industry leaders are increasingly pointing to China.
They warn that Chinese components are becoming increasingly embedded in European supply chains, putting local producers at a disadvantage.
Is Europe ready to limit China’s growing influence over its economy?
Business journalist Ian King tells Roundtable the Trump administration’s attempts to take a tougher approach to China has had only had ‘limited success.’ Plus, if Europe were to be ‘as aggressive as the Americans’ he says it ‘wouldn’t really do that much good in the long run.’
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#eu #manufacturing #china #eupolicy #eupolitics #europe
Roundtable is a discussion programme with an edge. Broadcast out of London and presented by Enda Brady, it’s about bringing people to the table, listening to every opinion, and analysing every point of view. From fierce debate to reflective thinking, Roundtable discussions offer a different perspective on the issues that matter to you. Watch it every weekday at 15:00 GMT on TRT World.
Credit to : Roundtable