Given how openly hostile the United States is to the European Union (and will continue to be for at least the next 4 years), it would be extremely foolish for the EU to continue to go along with the US' chip war against China.
What does the EU stand to gain from trying to kneecap China's technological development? The US' motivation is clear: the US wants to maintain its hegemonic position. But the EU has no such position to defend.
Instead of acting as a mere pawn of the US, the EU should formulate its own foreign policy that maintains relations with both the US and China, and which avoids getting sucked into one or the other side of the US-China rivalry. The ASML CEO's statement on this is right:
> Referring to the Dutch government’s willingness to follow America’s lead on export bans, Mr Fouquet says that Europe must “decide for itself what it wants” and “should not be dictated to by anyone else”.
What does the EU stand to gain from trying to kneecap China's technological development? The US' motivation is clear: the US wants to maintain its hegemonic position. But the EU has no such position to defend.
Instead of acting as a mere pawn of the US, the EU should formulate its own foreign policy that maintains relations with both the US and China, and which avoids getting sucked into one or the other side of the US-China rivalry. The ASML CEO's statement on this is right:
> Referring to the Dutch government’s willingness to follow America’s lead on export bans, Mr Fouquet says that Europe must “decide for itself what it wants” and “should not be dictated to by anyone else”.