U.S. Treasury Secretary Janet Yellen has called for a united and strategic response from the U.S. and Europe to counter China's industrial policies. Speaking from Frankfurt on May 21, Yellen emphasized that China's excess industrial capacity threatens the viability of firms in the U.S. and Europe, as well as industrial development in emerging markets. She warned that a wave of cheap Chinese exports poses a global threat, necessitating a joint effort to combat the issue. Yellen's remarks suggest that a U.S./EU trade confrontation with China may be on the horizon.
U.S. and Europe must respond jointly to China’s industrial overcapacity, Yellen says https://t.co/JvB7oQZJjg
Yellen says U.S., Europe must respond jointly to China’s industrial overcapacity - CNBC https://t.co/OpCtMliU8i
U.S. Treasury Secretary Janet Yellen said that the #UnitedStates and #Europe needed to respond to #China's industrial policies in a "strategic and united way" https://t.co/XG1uuwoiyg
Yellen says US, Europe must respond jointly to China's industrial overcapacity https://t.co/i99cBQ8FxU https://t.co/kTBKC8jbeY
New from Frankfurt: US seeks to join forces with Europe to combat excess Chinese goods. Yellen warns China’s industrial strategy is a global threat that requires a united response. A US/EU trade fight with China is brewing. w/ @LizAldermanNYT https://t.co/RgR8GhFHWF
Breaking News: The U.S. and Europe must work together to push back against China’s excess industrial capacity, Treasury Secretary Janet Yellen said, warning that a wave of cheap Chinese exports poses a global threat. https://t.co/y2Opzy3sjj
Janet Yellen urges Europe to join US in crackdown on Chinese exports https://t.co/IyyuAvDyrF
YELLEN: CHINA'S EXCESS INDUSTRIAL CAPACITY THREATENS VIABILITY OF FIRMS IN U.S. AND EUROPE AND INDUSTRIAL DEVELOPMENT IN EMERGING MARKETS
U.S. TREASURY'S YELLEN SAYS U.S., EUROPE MUST RESPOND IN STRATEGIC, UNITED WAY TO CHINA'S INDUSTRIAL POLICY