Scholz Seeks Fair Trade with China, Cautions against EV Dumping

• Scholz called for fair competition and warned against dumping and overproduction in trade relations with China • He spoke to concerns about cheaper Chinese electric vehicle imports flooding the European market • Scholz drew comparisons to when Japanese and Korean automakers entered the German market years ago • He emphasized the importance of international institutions like the World Trade Organization • Despite political and trade issues, China remained Germany's top trading partner in 2022 for the 8th straight year