Yellen Vows to ‘Press’ Beijing to Address Cheap Green Energy Exports During Her ‘Next Trip’ to China

Published on March 28, 2024

Treasury Secretary Janet Yellen says she will “press” her Chinese counterparts to address China’s manufacturing overcapacity for green energy products during her “next trip” to the country. “I am concerned about global spillovers from the excess capacity that we are seeing in China,” Ms. Yellen said during a speech in Georgia on March 27. “China’s overcapacity distorts global prices and production patterns and hurts American firms and workers, as well as firms and workers around the world.” Ms. Yellen was in Norcross, Georgia, to tour Suniva, a solar cell manufacturer that filed for bankruptcy in 2017 in part due to cheap imports primarily from China. The company is restarting partly because of incentives provided by the Inflation Reduction Act, which President Joe Biden signed into law in August 2022....

Continue reading on website
Other news

Home Depot Acquiring Specialty Distributor SRS for $18.25 Billion

March 28, 2024
Home Depot is acquiring building materials supplier SRS Distribution as it seeks to focus more on professional customers, the two companies announced in a joint press release on March 29.The Atlanta-based home improvement company expects the acquisition to be completed by the end of fiscal 2024, according to the press release.Under the terms of the agreement, a subsidiary of The Home Depot will ac

Size of Government Increasing Across Canada, Dominating Economy, Report Finds

March 28, 2024
The government has accounted for a large share of the economy in seven out of 10 Canadian provinces since the beginning of the COVID-19 pandemic, according to a newly released study.More than 40 percent of the economy across Canada in 2022 was represented by government growth, a Fraser Institute report found.“It’s important to understand just how much governments across Canada have grown in recent