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EU Proposes Tech-Sovereignty Law as China Deficit Swells

7/7/2026

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Summary

Story summary

The European Commission introduced a draft tech-sovereignty law to strengthen domestic chips, cloud, AI and open-source sectors.
EU high-tech sales grew to €414 billion in 2024, up from €273 billion in 2014, while imports from the United States and China together accounted for more than half of total high-tech goods.
The EU’s 2024 trade deficit with China was €92 billion, far exceeding deficits with Taiwan (€19 billion) and Vietnam (€20 billion).

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Story summary

The European Commission introduced a draft tech-sovereignty law to strengthen domestic chips, cloud, AI and open-source sectors.
EU high-tech sales grew to €414 billion in 2024, up from €273 billion in 2014, while imports from the United States and China together accounted for more than half of total high-tech goods.
The EU’s 2024 trade deficit with China was €92 billion, far exceeding deficits with Taiwan (€19 billion) and Vietnam (€20 billion).