U.S. Treasury Secretary Janet Yellen on March 21, 2024, in Washington, DC.
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U.S. Treasury Secretary Janet Yellen on Monday said she would not rule out any measures, which includes prospective tariffs, on China’s green electricity exports.
“I wouldn’t rule out something out at this point. We require to hold every thing on the desk. We want to perform with the Chinese to see if we can come across a answer,” she mentioned in an interview with CNBC’s Sara Eisen, when asking about the likelihood of Washington imposing tariffs if China does not change its tactic to business incentives.
“I’m not pondering so much of export limits, as some shifts in their macroeconomic coverage, and a reduction in the amount of, specially nearby authorities subsidies, to companies,” Yellen reported.
She nonetheless stressed the will need to produce a level actively playing field in the green technology area.
“We just want to make confident that we’re not pushed out of small business, and that our corporations and workers have prospects in these industries which will be significant kinds in our potential,” she additional.
Yellen is now in Beijing and is because of to depart China on Tuesday. She arrived in Guangzhou on Thursday past week to hook up with Chinese officials as fractious economic relations among the two nations around the world keep on.
This breaking information tale is being up-to-date.