Janet Yellen has urged the EU to join US efforts in clamping down on Beijing’s green-tech exports, warning that a glut of cheap Chinese goods could threaten the survival of factories across the world.
The US and its western allies must react “in a united way” to China’s growing manufacturing power or put their own industries at risk, the Treasury secretary said in a speech in Germany on Tuesday.
Yellen also rejected criticism from European allies that the US’s own sweeping tax breaks and subsidies for green manufacturing represented “a turn towards American protectionism”.
She said the tariff increases, which included a quadrupling of the rate on Chinese electric vehicles to 100 per cent, were “strategic and targeted steps”.
Europe is not an American protectorate. Fed up of Washington barking orders from across the Atlantic to protect their global hegemony. European leaders should do what's best for European citizens, not what's best for Washington.
@UrchinLukeSocialist2wks2W
Yeah and that’s because America is realizing there might actually be something to protect. Being World Police was fine when it meant bombing peasants in the desert, now there’s a real war they’re reconsidering their commitment to Europe
“As we produce more in the US, we will drive down the costs of clean energy technologies globally, benefiting people and economies around the world.”
The Chinese could say exactly the same thing…
Europe will destroy its car industry for cheap Chinese EV cars which can be switched off remotely and weaponized by China at will ….what fools .
@ISIDEWITH2wks2W
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