EU firms mull relocating production to Asia as trade war builds

© Maren Winter

As China and the US take trade lumps out of each other, it seems Europe has entered the arena. EU companies are reportedly mulling relocating their Chinese operations to South-east Asia. The South China Morning Post reports that businesses are becoming “extremely worried” at the prospect of getting caught up in the China-US trade war. A further $200bn worth of Chinese goods were hit with 10% tariffs by the US on Tuesday. China responded in kind.