Treasury Secretary Yellen urges China for sustained action against fentanyl precursors subsidy concerns.
Treasury Secretary Janet Yellen acknowledges China's progress in addressing fentanyl precursors, but urges for more sustained action and support from Beijing. Concerns have arisen over reports suggesting China may subsidize fentanyl precursors through tax rebates. Yellen asserts that China has made helpful developments since the California agreement, but the US must wait and see how these unfold.
June 22, 2024
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