China’s electric tech advances ‘unfair competition’ – US Treasury ...News

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China’s electric tech advances ‘unfair competition’ – US Treasury
source : Russia Today ( News ) () 64
Beijing has complained about Washington’s “discriminatory” subsidies Chinese companies are producing too many batteries, solar panels and electric cars, harming American workers, US Treasury Secretary Janet Yellen has said. She intends to bring up the issue on her trip to Beijing next month. Yellen spoke on Wednesday at a solar cell manufacturing facility in Georgia, which closed in 2017 due to being unable to compete with cheaper imports. Some of its production lines reopened recently due to subsidies provided by the 2022 Inflation Reduction Act. “In the past, in industries like steel and aluminum, Chinese gover

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