US Set to Ring Alarm Bells Over Chinese Industry on World Stage
==========

US Treasury Secretary Janet Yellen warns China's manufacturing power is a threat to global economic stability. The US is expected to rally other countries to voice concerns over China's output and exports at the upcoming spring meetings of the International Monetary Fund and the World Bank. The US is concerned that China will flood US and European markets with electric vehicles, similar to what it did with solar panels and steel industries. G-7 allies and other countries have also expressed concerns over Chinese exports. The US has signaled it's exploring tariffs on Chinese EVs, and the European Commission is moving towards imposing additional tariffs on the vehicles.

#Us #China #Manufacturing #Exports #ElectricVehicles #Tariffs #G7 #Imf #WorldBank

https://www.bloomberg.com/news/articles/2024-04-12/us-set-to-ring-alarm-bells-over-chinese-industry-on-world-stage