Connect with us

Hi, what are you looking for?

Top News

America and China have discussed dumping Chinese electric cars

America and China have discussed dumping Chinese electric cars

“Although we still have work to do, I believe we have put our bilateral relations on a more stable footing in the past year,” said the US minister, who also supported reducing Chinese factory overcapacity.

On Friday and Saturday, Yellen also met with Chinese Vice Premier Hu Lifeng in Guangzhou, where the two sides agreed to start a dialogue on balanced economic growth and launch a forum on cooperation in anti-money laundering efforts in the financial sectors of the two countries. Systems.

The discussions would facilitate discussion of macroeconomic imbalances, including their relationship to excess capacity. I intend to seize the opportunity to advocate for equal opportunities for American workers and businesses

Yellen said in a statement issued after the talks ended.

Ahead of the visit, Yellen said she is trying to persuade Chinese officials to limit excess production capacity in electric cars, solar panels and other clean energy technologies, because she believes this excess capacity threatens competing companies in the United States and other countries.

Recently, several US lawmakers have asked the Biden administration to raise tariffs and taxes on Chinese electric vehicles to protect US manufacturers.

Beijing also expressed its deep concern about the economic and trade restrictions imposed by the American side against China, and responded during the negotiations to concerns about production capacity, according to a statement by the official Chinese news agency Xinhua, in which Yellen indicated that “concern about Chinese surplus capacity is just an excuse for protectionist policies.” To protect American companies.

See also  Military exercises in the South China Sea: America is advancing

They added that cracking down on China's electricity-related industries would not help the United States develop its own industries, and expressed hope that more progress would be made during Yellen's visit to break down barriers to cooperation.

Cover image credit: Ken Ishii – Pool/Getty Images

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Top News

In a harrowing incident that has shaken the community of Lewiston, Maine, a series of shootings on Wednesday evening resulted in a tragic loss...

Top News

President Joe Biden’s abrupt departure from a speech on the U.S. economy at the White House on Monday sent a ripple of speculation and...


Chinese scientists have discovered a little-known type of ore containing a rare earth metal highly sought after for its superconducting properties. The ore, called...


A dangerous application appeared in the Apple App Store disguised as a known program. reported the Based on TechCrunch article. Dangerous app in...

Copyright © 2024 Campus Lately.