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In an article looking at how political tensions are triggering the mounting risk of a chip shortage, Joris Teer spoke to Bloomberg about the steps Europe must take to address its critical dependencies.
"There will have to be a mix of responses: More diversification of supply, more investment at home and more measures to address artificially cheap imports such as tariffs on electric cars or steel. Billions in new budget allocations to defence spending should be committed to breaking China's supply chain chokehold on critical raw materials," explained Joris.