Janet Yellen Calls for Tariffs on Chinese Green Technology Exports
Tuesday, 21 May 2024, 11:36
Janet Yellen Urges Action Against Chinese Exports: A Warning on Green Technology Tariffs
Janet Yellen, the US Treasury Secretary, has raised concerns over the surge in Chinese cut-price green technology exports, urging the EU to intervene. The call for tariffs on items like solar panels and wind turbines is to prevent a full-scale trade war.
Compliance with Sanctions and Penalties: Yellen has also emphasized the need for German banks to adhere to sanctions against Russia and avoid circumventing them to escape penalties potentially resulting in losing access to the US dollar.
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