By David Lawder FRANKFURT (Reuters) - U.S. Treasury Secretary Janet Yellen said on Tuesday that the United States and Europe needed to respond to China's industrial policies in a "strategic and united way" to keep manufacturers viable on both sides.
FRANKFURT (Reuters) -U.S. Treasury Secretary Janet Yellen said on Tuesday that the United States and Europe needed to respond to China's industrial overcapacity in a "strategic and united way" to keep manufacturers viable on both sides of the Atlantic. Yellen told reporters during a visit to Frankfurt that G7 finance ministers shared U.S. concerns about Chinese efforts to dominate clean energy industries, but did not need "detailed coordination" on trade actions following the imposition of steep U.S. tariffs on Chinese goods.
The United States encourages Group of 7 industrial democracies to talk to China with one unified voice instead of imposing identical tariffs. Treasury Secretary Janet Yellen emphasized the strength of collective communication during her visit to Germany, ahead of the G7 meeting.
U.S. Treasury Secretary
Janet Yellen will call on Tuesday for Europe and the U.S. to
stand together against Russian aggression and Iranian support
for terrorism, including finding a way forward to.
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