Janet Yellen says she won't rule out possible tariffs on China's green exports
Treasury Secretary Janet Yellen said Monday that she would not rule out any measures, including potential tariffs, on China’s green energy exports.
Treasury Secretary Janet Yellen said Monday that she would not rule out any measures, including potential tariffs, on China’s green energy exports.
“I wouldn’t rule anything out at this point. We need to keep everything on the table. We want to work with the Chinese to see if we can find a solution,” she said in an interview with CNBC’s Sara Eisen, when asked about the possibility of Washington imposing tariffs if China does not adjust its approach to industry incentives.
“I’m not thinking so much of export restrictions, as some shifts in their macroeconomic policy, and a reduction in the amount of, particularly local government subsidies, to firms,” Yellen said.
She nevertheless stressed the need to create a level playing field in the green technology space.
“We just want to make sure that we’re not driven out of business, and that our firms and workers have opportunities in these industries which will be important ones in our future,” she added.
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