Want to master global trade? Level up your own game first, says Prof. Horst Lochel from Frankfurt School of Finance & Management. The expert dropped this truth bomb while discussing recent EU tariffs on Chinese electric vehicles (EVs), arguing that \"true trade success comes from innovation, not protectionism\".
Breaking it down: Lochel compared trade dynamics to a multiplayer strategy game where boosting your tech tree (read: R&D investments) creates better partnerships.
\"Players who focus on their own skill builds eventually attract better alliances,\" he quipped, suggesting the EU and China could both win by charging up their EV development instead of tariff battles.
Why it matters: With Europe\u2019s new 15-30% tariffs on Chinese EVs making headlines, Lochel\u2019s take offers a fresh perspective for young entrepreneurs and policy nerds alike. His analysis? Protectionism = temporary shield
Innovation = permanent superpower
Pro tip for biz hustlers: The professor\u2019s words ring true beyond EVs. Whether you\u2019re launching a startup or investing in renewable energy, competitive edges built on merit often outlast regulatory quick-fixes. Food for thought with your morning matcha!
Reference(s):
German scholar: Increasing competitiveness best way for win-win trade
cgtn.com