The background is that the USA has banned the delivery of high-tech chips to China because China uses these chips to upgrade its military, carry out espionage and monitor its own population.
Now the European Union has also joined such a ban, causing China to portray the European Union as a baseless idiot.
Source of the cartoon:
https://global.chinadaily.com.cn/a/202312/19/WS6580dde4a31040ac301a858a.html