Daily News

Yellen to press Chinese counterparts on overcapacity risks

March 27, 2024 at 12:57 PM
When she heads to China next month, Treasury Secretary Janet Yellen will emphasize the risks that Chinese overcapacity in the solar, electric vehicle and lithium-ion battery sectors pose to the global economy and to the U.S. in particular, she will say during a speech on Wednesday. Yellen is scheduled to deliver remarks at the Suniva solar cell manufacturing plant in Norcross, GA, on Wednesday afternoon. “We have raised overcapacity in previous discussions with China and I plan to make it...

Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on the trade relations with China and the changes being made by the Biden administration.