Posted 4/5/2024, 2:40:00 AM
Yellen to Discuss Chinese Overcapacity and Other Economic Issues During China Visit
- Yellen visiting China to address economic tensions like Chinese overproduction hurting US industries
- Questioned if she'd consider trade barriers if China doesn't address overcapacity concerns
- Surge of Chinese exports in areas like EVs and solar creating problems as US invested in own manufacturing
- Unclear if Yellen will directly confront China on overcapacity and tariff threats
- Yellen to discuss countering illicit finance and cooperation on climate change and financial stability
