Treasury Secretary Yellen says U.S. will not accept new industries being decimated by cheap Chinese imports.

Treasury Secretary Janet Yellen has warned China that the US will not accept a situation where underpriced Chinese goods flood the global market, threatening industries in other countries. This comes as the Biden administration pushes China to change an industrial policy that poses a threat to US jobs. Yellen emphasized the importance of resilience in the US supply chain and paying attention to its shifts. Yellen also stated that the US may consider tariffs on China's green exports, if needed.

April 08, 2024
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