Businesses warn EU trade diversification tool could raise costs
By Cynthia Kroet ( October 26, 2026, 13:36 GMT | Insight) -- Some significant EU businesses and industry groups have warned that planned EU legislation to require companies to diversify their sources of key supplies from countries such as China could increase costs and cause disruption if alternative suppliers are not available. The warnings come in response to a consultation on the European Commission's so-called DiversifyEU package to reduce reliance on single-country suppliers which could include a new trade instrument.Some significant European businesses and industry groups have warned that planned EU legislation to require companies to diversify their sources of key supplies from countries such as China could increase costs and cause disruption if alternative suppliers are not available....
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