Berlin, Germany — German Chancellor Olaf Scholz on Monday made a compelling case against protectionism and trade wars, emphasizing their detrimental impact on international cooperation and the global economy. Speaking at the inauguration of Mercedes-Benz’s new battery recycling factory in Kuppenheim, Baden-Württemberg, Scholz highlighted the critical importance of open trade for Germany, a nation renowned for its exporting prowess.
“Protectionism and trade wars are detrimental to us,” Scholz underscored in his address. “As an exporting nation, we emphasize the importance of open trade with the entire world.”
The Chancellor acknowledged the competitive landscape, noting that countries like China, Japan, and South Korea are producing high-quality vehicles. However, he expressed confidence in German industries, asserting that there is no need to fear this competition.
“The vast majority of cars produced in China and imported to Germany come from German and international manufacturers,” Scholz pointed out, dispelling common misconceptions in public discourse. He emphasized that global competition drives innovation and excellence, benefiting consumers and the industry alike.
Scholz also reiterated his opposition to tariffs that could harm Germany’s economic interests. He urged the European Union to employ trade instruments that ensure fair and open trade practices rather than resorting to restrictive measures.
“As an exporting country, we value open trade with the whole world. And that’s why we don’t need the best tariffs, but the best cars and the most modern technology,” he emphasized, highlighting the need for continued investment in innovation and quality.
The Chancellor’s remarks come at a time when global trade tensions and protectionist policies threaten to disrupt international markets. His advocacy for open trade underscores Germany’s commitment to globalization and its belief in mutual growth through cooperation.
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German Chancellor speaks out against protectionism, trade wars
cgtn.com
