Germany In China’s Grip: EU’s Strategic Blind Spot Submitted by Thomas Kolbe China is buying itself breathing space in the trade dispute with the U.S. by primarily flexing its elbow against the EU. With its dominance in rare earths and Germany’s import dependence on microchips, Beijing currently holds the upper hand. Germany and the EU would be well advised to recall market-oriented virtues and strategic intelligence. Two seemingly unrelated events reflect the same problem: A week ago, Volkswagen threatened a complete production halt should China ban exports of urgently needed rare earths. The media reacted with shock. Suddenly, the specter… — Continue at ZeroHedge News : Read More
