EU to force companies to buy components from non-Chinese suppliers: FT
Steel scrap is loaded into a converter for its refinement with raw iron to steel at Germany's largest steel factory of industrial conglomerate ThyssenKrupp AG which holds it's annual shareholders meeting on Friday February 1, 2019, in Duisburg, Germany, January 28, 2019. Picture taken January 28, 2019. Photo: REUTERS/Wolfgang Rattay
The European Union is drawing up plans to force European companies to buy critical components from at least three different suppliers, in an attempt to reduce the bloc's reliance on China, the Financial Times reported on Monday, citing two EU officials familiar with the matter.
The new rules would affect businesses in a handful of key sectors such as chemicals and industrial machinery, the report added.
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