U.S. Treasury Secretary Janet Yellen said Wednesday she would not rule out taking additional steps to protect U.S. clean energy industries from Chinese competition, as she traveled to China for nearly a week of high-level talks aimed at further stabilizing financial and economic ties between the world’s two largest economies.
During a refueling stop in Alaska, Yellen told reporters the Biden administration wants to support the growth of the U.S. solar panel, electric vehicle and battery industries.
"We're providing tax subsidies to some of these sectors, and I wouldn't want to rule out other possible ways in which we would protect them," Yellen said, when asked whether she would raise the prospect of new trade barriers with her Chinese counterparts.
She did not specify whether new U.S. steps could include tariffs.
Yellen said ahead of her trip that China’s subsidizing clean energy and industrial overcapacity “hurts American firms and workers, as well as firms and workers around the world.”
The trip is Yellen’s second to China and comes after U.S. President Joe Biden and Chinese leader Xi Jinping spoke this week in a phone call for the first time since meeting in November. It also comes as scrutiny of Beijing intensifies ahead of the U.S. presidential elections and Washington tightens curbs on the sale of high-tech goods to China.
Following the 105-minute phone call, Xi warned Biden that the U.S. was "creating risks" by suppressing China’s trade and technology development, according to state-run Xinhua news agency.
SEE ALSO:Related articles:
Related suggestion:
6 Jordanian students win Chinese ambassador's scholarshipStrong earthquake rattles Papua New Guinea, but there is no tsunami alert or reports of damageRosario and Pinto homer off Snell in his return to Tropicana Field, Rays beat Giants 9Ozuna's 3Street dance in China3rd Indonesia Shenmo Cup Int'l Abacus Mental Arithmetic Competition kicks offDawn Staley and her NCAA champion South Carolina Gamecocks celebrated with parade and rallyJustin Turner gets 3 RBIs, Blue Jays hold Rockies to 2 hits in 5Lucy Hamilton: Connecting cultures through the power of poetryAncient tombs excavated in Guangzhou
2.4545s , 6509.0234375 kb
Copyright © 2024 Powered by US Treasury Secretary Yellen visits China for high ,Culture Channel news portal