Yellen Warns China Over EV Exports Threatening U.S. Jobs; Tesla Autopilot Trial Looms as NY Auto Show EV Track Draws Crowds
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U.S. Treasury Secretary Janet Yellen traveled to China to address concerns about China flooding foreign markets with cheap EVs and other products. She warned this threatens American jobs and industries.
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A major trial involving a fatal Tesla Autopilot crash that killed Apple engineer Walter Huang is set to start in California. His family alleges Tesla oversold Autopilot's capabilities.
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The EV test track at the New York Auto Show saw a 78% increase in visitors compared to 2021. The track allows visitors to experience short test rides in dozens of new EVs.
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Yellen did not threaten new tariffs on China yet, but said the U.S. is concerned about China's industrial overcapacity in areas like EVs. China says its EV makers rely on innovation, not just subsidies.
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EV test tracks at auto shows seem to be spurring curiosity and interest in EVs among consumers, though it's unclear how many will switch from gas vehicles.