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World News October 22, 2024

German Chancellor speaks out against protectionism, trade wars

German Chancellor Olaf Scholz warned against protectionism and trade wars, stressing that such measures harm international cooperation. Speaking at the opening of a Mercedes-Benz battery recycling plant in Kuppenheim, Scholz emphasized the importance of open trade for Germany, an exporting nation. He noted that while countries like China, Japan, and South Korea produce high-quality vehicles, most cars imported from China to Germany are made by German and international manufacturers. Scholz urged the EU to focus on fair trade practices rather than imposing tariffs, emphasizing the need for advanced technology and quality cars.

Source : CGTN

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