President Biden’s trillion-dollar effort to boost American manufacturing and accelerate the transition to cleaner energy sources is colliding with a surge in cheap exports from China and threatening to devastate the investment and jobs central to Mr. Biden’s economic agenda. Mr Biden is considering new measures to protect emerging industries such as electric vehicle production…
US Treasury Secretary Janet Yellen on March 21, 2024 in Washington, DC Alex Wong | Getty Images US Treasury Secretary Janet Yellen said on Monday she would not rule out measures, including possible tariffs, on China’s green energy exports. “I wouldn’t rule anything out at this point. We have to leave everything on the table….
Treasury Secretary Janet L. Yellen confronted her Chinese counterpart about China’s rising exports of low-cost electric vehicles and other green energy goods. She said they posed a threat to American jobs and called on Beijing to scale back its industrial strategy, according to the US government. Ms. Yellen also warned her counterpart, Vice Premier He…
