Yellen hectors China about doling out trade subsidies while announcing more for the US ...Middle East

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Yellen hectors China about doling out trade subsidies while announcing more for the US
US Treasury Secretary Janet Yellen travelled to China on the weekend to deliver a message that China must halt subsidies in industries like autos and green energy.Just after touching down from returning, the US announced $6.6 billion in grants for three TSMC chip plants in the US, along with $5 billion in loans. That's just part of the $39 billion in grants handed out in the CHIPS Act.The Treasury Secretary also spoke with CNBC and criticized Chinese auto subsidies while the US continues to offer US consumers huge subsidies for EVs and throws up roadblocks on imports, including from the EU in moves that almost certainly fall outside of WTO rules. The Treasury is also fighting a takeover of U

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