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Germany readies China-focused economic security package for EU approval

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Story summary
  • Germany is preparing a far-reaching economic-security package to shield strategic industries from China.
  • The package may impose tariffs on hybrid electric vehicles and require joint ventures with European majority control.
  • Cabinet approval is targeted for Oct. 14 before seeking EU-wide support.
  • Officials consider tighter export controls on advanced AI technologies and semiconductor-manufacturing equipment.
  • Operators must stop using Huawei and ZTE 5G core components by end-2026 and replace them by end-2029.