EU Plan to Phase Out Chinese Tech Could Cost Bloc Over $400 Billion, Says Study
A study commissioned by China’s Chamber of Commerce to the EU estimates that replacing Chinese technology in critical sectors could cost the European Union over 367.8 billion euros ($432.83 billion) between 2026 and 2030. Germany is expected to bear nearly half of this burden, with losses projected at €170.8 billion.
Topics: Chinese tech suppliers economic impact EU regulation Huawei