RT by @mikenov: RT by @mikenov: 🇪🇺 The EU is preparing a new fund to help European companies reduce their reliance on Chinese suppliers if trade tensions escalate. The fund would support businesses affected by potential Chinese retaliation, though it could cost billions of euros as member states push to cut spending. The aim is to reduce the EU’s €360 billion trade deficit with China by boosting its exports, diversifying supply chains, and pressuring Beijing to ease market restrictions. If negotiations fail to make sufficient progress by October, the EU may introduce tougher trade measures. Source: Bloomberg