US Treasury Secretary Yellen visits China for high
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:Biden tells China's Xi to stay out of US elections
Related articles
Revealed: Brit tourist, 19, subjected to sex attack in Majorca 'was gang
A 19-year-old British tourist who was subjected to a horrific sex attack in Majorca 'was gang-raped2024-05-21First aid consignment via Cyprus corridor departs for Gaza
NICOSIA, March 12 (Xinhua) -- The first consignment of aid through the Cyprus-based corridor left on2024-05-21Aaron Brooks defeats wrestling gold medalist David Taylor, who loses his Olympic roster spot
STATE COLLEGE, Pa. (AP) — Aaron Brooks defeated reigning 86-kilogram gold medalist David Taylor in c2024-05-21Yankees' Cortes learns pump fake pitch is actually illegal; pitches seven innings vs. Rays
NEW YORK (AP) — Major League Baseball has told Yankees pitcher Nelson Cortes that his pump fake pitc2024-05-21Burglar hurled stolen mobile phones at police from the top of 60ft high roof during nine
A burglar hurled stolen mobile phones at police officers from the top of a roof during a nine-hour s2024-05-21Review: Taylor Swift's 'The Tortured Poets Department' is great meditative theater
Who knew what Taylor Swift’s latest era would bring? Or even what it would sound like? Would it buil2024-05-21
atest comment