US Treasury Secretary Yellen Stresses Need for Balanced Economic Relations with China

Wednesday, 3 April 2024, 19:37

In a recent speech, Treasury Secretary Janet Yellen emphasized the critical significance of maintaining a fair economic playing field between the US and China. Highlighting concerns about China's overcapacity driven by substantial subsidies, Yellen reassured ongoing dialogues aimed at fostering mutual understanding. While discussions on potential tariffs remain open, efforts to safeguard the US clean energy supply chain are being considered.
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US Treasury Secretary Yellen Stresses Need for Balanced Economic Relations with China

US Treasury Secretary Janet Yellen on China-US Economic Relations

US Treasury Secretary Janet Yellen underscored the importance of maintaining a balanced economic relationship between the United States and China. She expressed concerns over China's overcapacity due to extensive subsidies.

Biden Administration's Continued Dialogue with China

The Biden administration is committed to furthering dialogues with China to address economic issues and ensure fairness.

Protection of US Clean Energy Supply Chain

While new tariffs on China are possibilities, actions to protect the US clean energy supply chain are being explored.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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