Yellen Sees ‘More Work to Do’ as China Talks End With No Breakthrough


Yellen: More Work Needed as US-China Talks End Without Breakthrough After four days of economic discussions, the US and China have not made significant progress but have agreed to continue talks. However, tensions are high as the US election year and concerns over Chinese exports of green energy technology loom large. Treasury Secretary Yellen emphasized the need for China to scale back its exports, which could impact American jobs. The two sides expressed commitment to further discussions, but it is evident that trust between them is limited. The US is particularly concerned about Chinese exports of electric vehicles, lithium-ion batteries, and solar panels, which could threaten American industries. Despite China's denial of subsidizing its exports, the US is prepared to protect its industries. The possibility of additional tariffs looms as both countries seek to address their economic concerns. (Source: https://ift.tt/uoLqa2k)



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