Germany Warns Against Trade Barriers as EU Readies EV Tariffs
- Tariffs make ‘everyone poorer,’ Chancellor Scholz says
- Germany stands to be hit hard if China were to retaliate
Olaf Scholz, with Carlos Tavares, and Florian Huettl, at the Opel Russelsheim Plant in Russelsheim, Germany, on June 8.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
German Chancellor Olaf Scholz spoke out against restricting automotive trade as the European Union moves closer to slapping tariffs on electric vehicles imported from China.
Germany’s auto industry is benefiting from business in China and will be able to compete with the Asian country’s carmakers if trade remains “fair and free,” Scholz said Saturday.