Treasury Secretary Janet L. Yellen warned that China’s industrial strategy posed a global threat that requires a united response.
The United States wants to persuade China to dial back its green energy industrial strategy as the Biden administration subsidizes its own supply chain.
Trump talked tough, but Biden is wielding a big stick.
Firestorms over Chinese investments, like a battery factory in Green Charter Township, are erupting as officials weigh the risks of taking money from an adversary.
The Biden administration has faced backlash in Europe and Asia over its plans to bolster electric vehicle and battery production.
The president’s “Made in America” plan has drawn accusations of protectionism from Europe as the United States tries to keep its Western allies aligned against Russia.
The French finance minister, Bruno Le Maire, said that U.S. subsidies will inflict damage to Europe’s economy.
The French finance minister, Bruno Le Maire, said that U.S. subsidies will inflict damage to Europe’s economy.