“It is important to the president and me that American firms and workers can compete on a level playing field,” Ms. Yellen said. “We have raised overcapacity in previous discussions with China, and I plan to make it a key issue in discussions during my next trip there.”
She added: “I will press my Chinese counterparts to take necessary steps to address this issue.”
China, which invested more than $130 billion in its solar sector last year, has voiced its own frustration about America’s manufacturing investments. Buyers of electric vehicles that contain components made in China, Russia, North Korea or Iran are not eligible for generous U.S. tax credits.
Warping the supply chain is when you produce commodities.
Stabilizing the supply chain is when you do trade war.
🤡
Nothing more free trade than restricting tax credits based on the country of origin of your AC fan
Real