Europe, US Need to Work Together on Value Chains, EU Envoy Says

The European Union and the US need to work together to ensure the allies have a steady supply of critical manufacturing inputs, according to the EU’s ambassador to the US, Stavros Lambrinidis.

“We can’t — even if we want — produce everything that we want in house,” Lambrinidis said in an interview on Bloomberg TV on Thursday. “Do we import from our biggest allies in the world, which is each other, or do we retain dependencies on countries that we do not want to be dependent on?”