German Finance Minister Favors Requiring Foreign Companies to Establish Joint Ventures

According to a speech outline document from the Ministry of Finance (the speech is scheduled to be delivered on Wednesday local time), Klingbeil suggested protecting German companies in sectors where "technology is already lagging behind." Klingbeil proposed introducing binding price caps and windfall taxes to cushion the rise in gasoline and energy prices, and to return additional funds to consumers. To support German companies and the economy, Klingbeil also put forward several other measures, including income tax reform, the deployment of "targeted tariffs," and the introduction of a digital tax.