stories on Nostr: US Treasury Secretary Janet Yellen Warns of China's Manufacturing Power as a Threat ...
US Treasury Secretary Janet Yellen Warns of China's Manufacturing Power as a Threat to Global Economic Stability
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#96a123da ver:1.43
US Treasury Secretary Janet Yellen has reiterated her stance on restricting the influx of underpriced Chinese goods into the global market. Yellen emphasized that the United States 'will not accept' a situation where cheap Chinese exports harm industries in other countries. She specifically mentioned concerns about the impact of Chinese government support on sectors such as solar and electric vehicles, which could hinder the growth of these industries worldwide. Yellen drew parallels to the devastating effects of below-cost steel flooding the global market over a decade ago, which had severe consequences for industries, including in the United States.
Yellen's policy of restricting public access to affordable and clean technology has sparked controversy. Critics argue that it goes agains...
#newstr #Us #China #Manufacturing #Exports #ElectricVehicles #Tariffs #G7 #Imf #WorldBank
https://here.news/story/96a123da?ver=1.43
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#96a123da ver:1.43
US Treasury Secretary Janet Yellen has reiterated her stance on restricting the influx of underpriced Chinese goods into the global market. Yellen emphasized that the United States 'will not accept' a situation where cheap Chinese exports harm industries in other countries. She specifically mentioned concerns about the impact of Chinese government support on sectors such as solar and electric vehicles, which could hinder the growth of these industries worldwide. Yellen drew parallels to the devastating effects of below-cost steel flooding the global market over a decade ago, which had severe consequences for industries, including in the United States.
Yellen's policy of restricting public access to affordable and clean technology has sparked controversy. Critics argue that it goes agains...
#newstr #Us #China #Manufacturing #Exports #ElectricVehicles #Tariffs #G7 #Imf #WorldBank
https://here.news/story/96a123da?ver=1.43