Scholz Heads to China on a Mission to Dial Down Trade Tensions [BNN Bloomberg (Canada)]
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Source: BNN Bloomberg
end discriminatory business practices and failure to do so will result in an escalation in tensions. During his second trip to the Asian nation as chancellor, Scholz will warn Chinese President Xi Jinping that he needs to act soon to avoid European Union tariffs meant to rebalance the trade relationship, including on electric vehicles, according to people involved in the preparations, who asked not to be identified discussing confidential planning. The EU is increasingly wary of China's use of massive public support in critical sectors and has been toughening its stance in recent months. That puts Scholz in a tricky position as China remained Germany's biggest trading partner last year — with a volume of more than €250 billion ($266 billion) — despite increasingly difficult conditions for doing business there. Scholz, who arrives in China Sunday and will visit Chongqing, Shanghai and Beijing, will tell Xi and Premier Li Qiang that he favors free and fair trade but will steer cle
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