Yellen Raises Alarm Over China's Clean Energy Export Surge

U.S. Treasury Secretary Janet Yellen has raised concerns about China's surplus of solar panels, electric vehicles, and lithium-ion batteries, warning that the country's trade practices could harm global markets and undercut green manufacturing in the U.S. Yellen plans to address these issues during her upcoming visit to China and emphasized President Biden's commitment to protecting American industries from unfair competition. The comments come amid ongoing trade tensions between the U.S. and China, with the Biden administration seeking to bolster the domestic clean energy industry through investments while facing competition from China's longstanding efforts in the sector.