Economy / FinanceAsiaNorth America

Yellen Faces Tariff Decisions After Issuing Factory Capacity Warning to China


After issuing factory capacity warning to China, Yellen faces tariff decisions U.S. Treasury Secretary Janet Yellen hammered home a stern warning to China’s economic leaders that their overinvestment in factory capacity for clean energy goods is unacceptable throughout her four-day visit to Guangzhou and Beijing. She did it while appearing to charm her Chinese hosts this past week, but now comes the hard part: deciding whether to advise U.S. President Joe Biden to move toward raising U.S. tariffs on Chinese electric vehicles, solar panels and other clean energy goods to protect U.S. producers and workers. Her other option is to…

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