German auto lobby warns of China trade imbalances
German auto industry association VDA warned about growing trade imbalances with China. VDA President Hildegard Mueller stated that the EU possesses tools to safeguard fair competition if WTO rules are violated. Measures must be assessed in consultation with the industry.
Germany's automotive lobby warned of growing trade imbalances with China on Thursday morning, backing WTO-based tools to safeguard fair competition. VDA President Hildegard Mueller stated that the EU possesses mechanisms to address market distortions if rule violations cross certain thresholds.
