Scholz Heads to China on a Mission to Dial Down Trade Tensions

News Snapshot:

(Bloomberg) -- German Chancellor Olaf Scholz will be taking a delicate message to China this week: Beijing has not acted on European warnings to end discriminatory business practices and failure to do so will result in an escalation in tensions. During his second trip to the Asian nation as chancellor, Scholz will warn Chinese President Xi Jinping that he needs to act soon to avoid European Union tariffs meant to rebalance the trade relationship, including on electric vehicles, according to people involved in the preparations, who asked not to be identified discussing confidential planning. The EU is increasingly wary of...