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During her recent four-day visit to Guangzhou and Beijing, US Treasury Secretary Janet Yellen warned Chinese economic leaders regarding their overinvestment in factory capacity for clean energy goods, calling it unacceptable.
Although she tried to make her Chinese hosts comfortable, Yellen is tasked with the challenge of advising President Joe Biden on potential actions to address this issue, which could include raising tariffs on Chinese electric vehicles, solar panels, and other clean energy products to safeguard US producers and workers. ....
“I stressed that companies, including those in the PRC, must not provide material support for Russia’s war, and that they will face significant consequences if they do,” US Treasury Secretary Janet Yellen said Monday in prepared remarks for a press conference at the US ambassador’s residence in Beijing, using an abbreviation for the People’s Republic of China. ....
Treasury Secretary Janet Yellen told Chinese Premier Li Qiang on Friday that the United States is not seeking "winner-take-all" competition, in a visit to Beijing packed with talks aimed at stabilising fraught ties. ....
Last month, U.S. Secretary of State Antony Blinken visited China in an attempt to partially smooth over the increasingly rocky relationship between the world’s two largest economies. Now it’s Treasury Secretary Janet Yellen’s turn. ....