US Treasury Secretary Janet Yellen accuses China of unfairly boosting solar energy, EV, and battery production, harming American firms.

US Treasury Secretary Janet Yellen accuses China of unfairly ramping up solar energy, electric vehicle (EV), and lithium-ion battery production, distorting global prices and hurting American firms and workers. Yellen plans to address this issue with her Chinese counterparts during her second trip to China. In 2023, the International Energy Agency noted that China accounted for around 60% of global EV sales.

March 31, 2024
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