European Businesses Face Mounting Costs Due to China’s Export Restrictions

European businesses are bracing for significant financial burdens due to tightened export controls from China, according to a new survey. Companies in the region face potential cost increases exceeding hundreds of millions of dollars as they navigate the restrictions. The European Union Chamber of Commerce in China reported one company anticipating costs of over €250 million ($290 million) due to these changes. Another surveyed business estimated that export control policies will add roughly 20% of their global sales in 2025. The survey highlights the vulnerability of European businesses reliant on China for crucial resources and technologies.