Yellen Warns of Clean Energy China Shock, Floats Tariffs to Address Surge in Heavily-Subsidized Exports
• Janet Yellen says tariffs "on the table" to address China's surging, subsidized clean energy exports • China dominates global EV sales; produces 60% of world's electric vehicles • Yellen warns of potential "China shock" similar to early 2000s manufacturing job losses • Europe launches investigation into China's EV subsidies; Japan loses top auto exporter title • Chinese officials urge U.S. not to "politicize" trade issues, claim competitive advantage due to innovation