In a world where trade tensions are making headlines, German scholar Professor Horst Lochel from the Frankfurt School of Finance and Management has a message for the European Union: It's time to step up our game! 🎮
In a recent interview, Professor Lochel emphasized that \"only by enhancing one's own competitiveness can mutually beneficial trade be achieved.\" His comments come in response to the EU's latest tariff moves against electric vehicles from the Chinese mainland. 🚗⚡
Rather than building walls with tariffs, Lochel suggests that fostering innovation and boosting competitiveness is the way forward. \"We need to focus on making our products better and more appealing,\" he said. \"That's how we win in the global marketplace.\" 🌍💪
The EU's decision to impose tariffs has sparked discussions about fair trade and competition. But as Lochel points out, the real challenge lies in adapting and evolving in a rapidly changing industry. With electric vehicles becoming the future of transportation, the race is on! 🏎️⚡
For young entrepreneurs and students eyeing the global market, Lochel's advice is a call to action. \"Embrace innovation, invest in new technologies, and don't shy away from competition,\" he urged. \"It's not just about keeping up—it's about leading the way.\" 🚀✨
So, instead of playing defense, perhaps it's time for the EU to take the offensive by fueling its own industries and encouraging collaboration. After all, when competition heats up, consumers, businesses, and economies all stand to gain. 🔥🤝
What do you think? Is boosting competitiveness the key to a win-win in EU-China trade? Share your thoughts! 💬
Reference(s):
German scholar: Increasing competitiveness best way for win-win trade
cgtn.com
