FRANKFURT – BASF said costs at its European sites must be cut to a “permanently” smaller size because of a triple burden of sluggish growth, high energy costs and over-regulation, with the German industrial giant’s boss throwing his weight behind a planned expansion in China.

BASF seeks ‘permanent’ cost cuts at European operations

Brandon’s handlers are going to be disappointed! Businesses are supposed to move to the US! Time to twist Olaf’s arm (again)! Maybe tell him that Germany needs to decouple from China, as well?! /s