EU carmakers ‘days away’ from halting work as chip war with China escalates
Industry body says reserves of Nexperia semiconductors are dwindling after Beijing bans exports of key components
This is what happens when you let your riche lay off your countrymen and sell your local enterprises to profit from someone else's slaves. We shoud be polishing the guillotines yesterday.
Absolutely agreed and now they want state subsidies for reshoring. If you want state to finance your companies to come back I’m afraid one thing is going to happen: the state will own your company and seize your money made by offshoring your company during globalization.
And this is why China was never a trade partner and just a deeply sus customer. We can sell each other unimportant shit, when convenient. That's it.
Europe started this by behaving like a bandit and stealing Nexperia. They only have themselves to blame for this idiocy.