"Yellen Warns of Sanctions for Chinese Banks Aiding Russia's War Efforts"

US Treasury Secretary Janet Yellen stated that the US is prepared to sanction Chinese banks and companies, as well as Beijing's leadership, if they assist Russia's armed forces with the invasion of Ukraine. Yellen also raised concerns about Chinese overcapacity in the green energy industry and did not rule out the possibility of higher US tariffs on Chinese imports if these concerns are not addressed. This comes amid efforts to stabilize the US-China relationship, which has been characterized by trade tensions and tariffs in recent years.