They’ve been spending tens of billions a year in their chip industry.

My Dutch bank hasn’t adpoted it yet. Still on iDEAL, which makes me sad.

All electronics are made in Asia. So there will be no higher prices for consumers in the EU.

US consumers will get hammered with anywhere from 25% to 55% price increase in electronics.

It’s hard to find any electronics that is EU, or for that matter non-Asian. The entire electronic supply chain is in Asia centered around China, so they will have a competitive edge.

iDEAL has been acquired by WERO which is an EU initiative for pan-European payment system. Wero is being rolled out by banks in France, Germany, Belgium, Netherlands, and Luxemburg.

https://en.wikipedia.org/wiki/European_Payments_Initiative