Janet Yellen, the US treasury secretary, has urged the EU to intervene urgently to dampen the growing export levels of Chinese cut-price green technology including solar panels and wind turbines, pushing European leaders to move to a full-scale trade war.
Yellen defended the 100% tariffs, which have been criticised as protectionist and a potential flashpoint that could trigger wider trade wars with China. China has signalled it will retaliate against any tariffs with potential duties on French brandy, EU wine and dairy products.would take a different approach to the US. While an increase in tariffs is expected, they are unlikely to match the rate imposed by the US.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: