Slapping Tariffs on China Will Delay Green Shift, Ex-Volkswagen CEO Says

(Bloomberg) — An escalating trade war between China and the West would fuel inflation and delay the transition to a cleaner economy, said Herbert Diess, a former Volkswagen AG Chief Executive Officer.

China has managed to radically cut the cost of solar energy and batteries and is already suffering from trade hurdles put in place by the United States, Diess said during a conference organized by BloombergNEF in Munich.