Yellen urges EU to curb cheap Chinese exports, avoid trade war
The Guardian — May 21, 2024, 01:00 PM UTC
Summary: US Treasury Secretary Janet Yellen urges EU to address Chinese cut-price green technology exports, potentially leading to a trade war. Yellen also calls on German banks to comply with Russian sanctions. The EU considers imposing tariffs on Chinese electric vehicles due to alleged state subsidies. Yellen emphasizes the need for a united response to China's industrial policies. EU aims for de-risking in trade relations with China.
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