„It’s about much more than just the trade,“ said CEO Martin Brudermüller the Deutschlandfunk. Ultimately, it’s about how „two superpowers“ position themselves, he added. China will not simply „take the butter off the bread“, said Brudermüller.
The dispute could well drag through the year 2019 and have negative effects on global economic growth, said the BASF boss in the interview of the week on. It should be aired on Sunday full length.
The two world’s largest economies have been covering each other for months with punitive tariffs and threats. In particular, US President Donald Trump deplores China’s high US trade deficit and accuses Beijing of stealing intellectual property and other unfair business practices.