During a speech at a Georgia solar company, U.S. Treasury Secretary Janet Yellen expressed concerns about China’s surplus of green technology exports potentially harming American manufacturers of the same items. She pointed out that China’s overcapacity in solar power, electric vehicles, and lithium-ion batteries allows them to sell these products at lower prices in other countries, thus undercutting competition from American manufacturers.
Yellen highlighted the negative impact of China’s overcapacity on global prices and production patterns, stressing that it hurts not only American firms and workers but also those around the world. She intends to press her Chinese counterparts to take necessary steps to address this issue during her upcoming trip in April, emphasizing the importance of fair competition for American firms and workers.
In previous discussions with China, discussing overcapacity has been a priority for Yellen, who emphasized the need for American firms and workers to be able to compete on a level playing field. During her next visit, she plans to continue pressing for action on this key issue.
The Eastern Conference matchup between New York City FC (4-5-2) and Toronto FC (6-4-1) is…
On Friday, the British economy showed signs of recovery as official figures revealed a growth…
NaaS Technology Inc. (NAAS) recently announced an update regarding their financial performance for the first…
The upcoming match between FC Dallas and Austin FC is set to take place in…
The upcoming match between DC United and Atlanta United FC in the Eastern Conference promises…
The LA Galaxy (5-2-4, third in the Western Conference) and Real Salt Lake (6-2-3, first…