Zetsche Not Scared Of Chinese Trade War

In a bout of severe wishful thinking,  Daimler CEO Dieter Zetsche told Reuters  that "Daimler does not expect the current spat between the European Union and China will escalate to include cars," Last week, news from China said  the Middle Kingdom could slap punitive tariffs on luxury cars imported from the EU, after the  EU slapped punitive tariffs on solar panels imported from China. Today, China specialist Michael Dunne writes in the Wall Street Journal: "China, already angry about new EU tariffs on solar panels, will no doubt counter punch with an investigation into Europe's lucrative luxury car exports to China." from The Truth About Cars http://www.thetruthaboutcars.com

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