Some Europeans are also leery of U.S. efforts to block exports of high-tech products to China. The Dutch government, however, eventually went along with the U.S. and restricted Dutch companies' exports of the most advanced semiconductor manufacturing equipment to China. (https://www.cnbc.com/…)Europe, in sum, prefers "de-risking" because it doesn't want as much economic separation from China as the U.S. Though the U.S. and China are rivals, American companies' supply chains are deeply imbedded in China. In a war, China would unquestionably cut off exports to the U.S., which makes it logical to decrease reliance on China.

Source: CNN July 03, 2023 14:07 UTC