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Yellen says China's trade policies could 'interfere significantly' with US bilateral relationship

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District Of Columbia,Electric Vehicles,Janet Yellen

Treasury Secretary Janet Yellen says Chinese “overconcentrated supply chains” pose a threat to U.S. jobs and recent investments meant to build up the U.S. green energy sector. Yellen spokes Thursday at the Economic Club of New York.

Treasury Secretary Janet Yellen speaks to the Economic Club of New York luncheon, in New York, Thursday, June 13, 2024. Yellen said the U.S. ought to respond “when foreign subsidies threaten the viability of domestic firms” in strategic sectors like green energy.

She said the U.S. ought to respond “when foreign subsidies threaten the viability of domestic firms” in strategic sectors like green energy. There is particular concern that China’s green energy products will undermine massive climate-friendly investments made through the Democrats’ Inflation Reduction Act that President Joe Biden signed into law in August 2022.

 

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Yellen says China's trade policies could 'interfere significantly' with US bilateral relationshipTreasury Secretary Janet Yellen says Chinese “overconcentrated supply chains” pose a threat to U.S. jobs and recent investments meant to build up the U.S. green energy sector.
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