June 6, 2026

EU trade chief wants a new tool to break Europe’s dependence on Chinese chips and rare earths

A group of business people sitting around a table
Felix Viray / Unsplash

EU trade commissioner Maroš Šefčovič has called for a new “diversification instrument“ to reduce Europe’s dependence on single suppliers of chips and rare earths. He made the proposal at the European Policy Center’s Brussels Economic Security Forum o...