Brussels is considering setting ‘made in Europe’ targets of up to 70% for the content of certain products such as cars, as it pushes to prioritise domestic goods and cut reliance on China.
The policy could cost EU companies more than €10bn annually by pushing them to buy more expensive European components, according to officials familiar with a draft law due to be presented on December 10.
Protection or resilience? 70% sounds good until consumers see higher prices and SMEs drown in compliance. Maybe start with critical sectors (batteries, meds) and phased targets, plus real energy/permits reform to keep costs down.
PriorityMuted8024 on
I really like this direction; I hope the countries will cut back on taxes and charges on products and services. Because I am a bit tired of paying for everything while politicians and major business owners are keep cashing in and earning extra profit
danrokk on
Good thing. There isn’t much Europe has to import.
lux_use4 on
Hopefully it can compete with the questionable US products that will come in with the new trade deal
veevoir on
And how they suggest we achieve that without protectionist tarrifs and EU population paying even more for said critical goods? The reason why they are no longer are “made in Europe” is cost. That is how globalization works.
Imaginary_Prompt_597 on
Finally. This is what the EU should have started doing when the pandemic messed up the supply chains.
>The policy could cost EU companies more than €10bn annually…
Strategic interests should always be above short-term financial interests.
Important_Material92 on
How very Trumpian
Prestigious-Team3327 on
Would be good to be less reliant on US goods for defence and tech I’d think.
uzu_afk on
I don’ think there is another way anymore…
technician77 on
That’s a good strategy, but what good is it without energy/mineral independence?
11 commenti
Brussels is considering setting ‘made in Europe’ targets of up to 70% for the content of certain products such as cars, as it pushes to prioritise domestic goods and cut reliance on China.
The policy could cost EU companies more than €10bn annually by pushing them to buy more expensive European components, according to officials familiar with a draft law due to be presented on December 10.
**Read the full story for free with your email:** [https://www.ft.com/content/b0200e50-dd3a-4e9e-8908-40ead49e7daa?segmentid=c50c86e4-586b-23ea-1ac1-7601c9c2476f](https://www.ft.com/content/b0200e50-dd3a-4e9e-8908-40ead49e7daa?segmentid=c50c86e4-586b-23ea-1ac1-7601c9c2476f)
Kima — FT social media team
Protection or resilience? 70% sounds good until consumers see higher prices and SMEs drown in compliance. Maybe start with critical sectors (batteries, meds) and phased targets, plus real energy/permits reform to keep costs down.
I really like this direction; I hope the countries will cut back on taxes and charges on products and services. Because I am a bit tired of paying for everything while politicians and major business owners are keep cashing in and earning extra profit
Good thing. There isn’t much Europe has to import.
Hopefully it can compete with the questionable US products that will come in with the new trade deal
And how they suggest we achieve that without protectionist tarrifs and EU population paying even more for said critical goods? The reason why they are no longer are “made in Europe” is cost. That is how globalization works.
Finally. This is what the EU should have started doing when the pandemic messed up the supply chains.
>The policy could cost EU companies more than €10bn annually…
Strategic interests should always be above short-term financial interests.
How very Trumpian
Would be good to be less reliant on US goods for defence and tech I’d think.
I don’ think there is another way anymore…
That’s a good strategy, but what good is it without energy/mineral independence?