
Germany says Europe is open to Chinese cars but not at any price
CNN
German Chancellor Olaf Scholz pressed his case on Monday for an open and fair European market for Chinese cars but warned against dumping, overproduction and intellectual property infringements as he spoke to a group of students in Shanghai.
German Chancellor Olaf Scholz pressed his case on Monday for an open and fair European market for Chinese cars but warned against dumping, overproduction and intellectual property infringements as he spoke to a group of students in Shanghai. Scholz, together with three ministers and several leading German executives, is on a visit to China that is being watched for signs on how Europe will calibrate its response to what it believes is Chinese goods being dumped on its market. “At some point there will also be Chinese cars in Germany and Europe. The only thing that must always be clear is that competition must be fair,” Scholz told students at Tongji University in Shanghai. “In other words, that there is no dumping, that there is no overproduction, that copyrights are not infringed,” Scholz said, adding it was important to allow companies to set up production facilities locally without bureaucratic hurdles. “And that’s why whenever I’m in China and I say level playing field, of course we want our companies to have no restrictions,” he said. Scholz also said small countries should not have to live in fear of big countries and that borders should not be changed by force, but did not mention China by name.

It was almost an extraordinary scene in front of the White House. As Tesla shares have been tanking since the year began, President Donald Trump held remarks outside of the White House with the company’s CEO and Department of Government Efficiency Head Elon Musk – all in front of a line of shiny Tesla vehicles.