German firms back tougher EU trade measures on China despite business risks

More than half of German companies said the European Union should take stronger trade measures against China even if their own businesses would suffer higher prices, tariffs or retaliation, according to a survey of about 1,300 German firms published by the German Chamber of Commerce and Industry (DIHK) on Thursday. That tougher stance comes despite many German companies acknowledging their reliance on Chinese supply chains and production sites for their own competitiveness. Among companies with.