German Finance Minister Olaf Scholz warned in at the World Policy Forum in Berlin that trade conflicts are damaging the world. Without naming any country, he singled out “richer countries” who only think of their own interest. At the same time, he also urged Europe to have one voice to have more bargaining power.
Scholz said “trade conflicts, as we have seen over the last months – especially between richer countries only thinking of their own interest – are damaging the world economy”. He added that “trade policy has been an EU-level responsibility for a long time”. And, “it is obvious that we have much more bargaining power if we speak with one European voice… only together we are able to set and enforce standards of fair trade.”
