US Considers Protecting New Industries Against China
By
Luisa Rodriguez Martinez
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
the US intends to protect new industrial sectors against China due to their significant investments in clean energy, according to Treasury Secretary Janet Yellen. She expressed this stance while en route to China for her second visit in nine months. When asked if she plans to brief her counterparts on fresh trade barriers to tackle China's overcapacity in clean energy sectors, Yellen stated she would consider other potential methods to protect them.
Key Takeaways:
- Treasury Secretary Janet Yellen suggests the US will consider protecting new industrial sectors against China.
- Yellen made the remarks while en route to China for her second visit in nine months.
- The possibility of imposing fresh trade barriers to address China-driven overcapacity in clean energy sectors was raised.
- Yellen indicated openness to alternative methods for protecting new industrial sectors.
Do You Know?
- Massive state investments in clean energy have been made by China, posing a challenge for other nations.