Yellen Urges China to Reconsider Trade Practices

U.S. Treasury Secretary Janet Yellen stated that she would not rule out potential tariffs on China's green energy exports, expressing concerns about the oversupply of subsidized Chinese clean energy products flooding international markets at discounted prices. Yellen emphasized the need for a level playing field in the green technology space and indicated that other countries may also consider imposing trade restrictions on China. The Biden administration is reviewing tariffs on Chinese-built electric vehicles, while the Commerce Department is investigating whether Chinese EV imports pose national security risks. Additionally, Yellen refrained from speculating on the potential sale of TikTok's assets to a U.S. company or investors.