- German technology groups are experiencing delays in exporting goods to China due to tightened customs controls.
- Suess MicroTec, a chip-making kit supplier, has cut its sales forecasts for the second time in three months and reported that deliveries worth €23.5 million are stuck at customs.
- The German government had previously urged domestic firms to reduce their dependence on demand from China as part of a strategy to reduce economic reliance on the country.
- German customs and the Federal Office for Economic Affairs and Export Control have not commented on the issue.
- Other technology companies, such as Trumpf, have also reported similar delays.
- The German chamber of commerce has expressed concerns about the impact of the political environment on exports to China.
Source Reuters
