EU Warns of 300,000 Factory Job Losses Amid China's 'Colonization' of Supply Chains

European industry leaders are sounding the alarm over a potential wave of job cuts, with one trade body predicting up to 300,000 manufacturing positions could be lost by the end of 2026. This dire forecast is attributed to the increasing dominance of Chinese component manufacturers in the European market, a phenomenon described as the "colonization" of supply chains.

The warning comes as China continues to enjoy a substantial trade surplus with the European Union, reportedly reaching a record €1 billion per day. Industry representatives are urging Brussels to take action to counter this trend and protect domestic manufacturing jobs and competitiveness.