German Chancellor Olaf Scholz took a bold stand against global protectionism this week, declaring that trade wars and tariffs threaten innovation and economic growth. Speaking at the launch of Mercedes-Benz's new battery recycling plant in Baden-Württemberg, Scholz fired up the crowd with a pro-globalization message: \"We need the best cars and modern tech – not the best tariffs.\" 🚀
The Chancellor pushed back against fears of competition from automakers in China, Japan, and South Korea, noting that \"most Chinese cars imported to Germany are made by German brands anyway.\" His remarks come as debates heat up in the EU about balancing fair trade with international partnerships.
💡 Why it matters: With Germany being the world's third-largest exporter, Scholz's defense of open markets signals a commitment to keeping supply chains flowing and tech advancements global. His call for the EU to use trade tools \"smartly, not harshly\" could shape Europe's approach to emerging tech rivalries.
