As Yellen heads to Beijing, China worries that the U.S. is planning more tariffs on green tech

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U.S. Treasury Secretary Janet Yellen is visiting China to discuss unfair Chinese trade practices and domestic manufacturing policies. Chinese state media are skeptical and anxious about potential U.S. tariffs on green energy products. China's government subsidies have led to overcapacity in the clean energy sector, driving down costs and igniting price wars. However, there are concerns that the excess capacity will flood global markets with low-priced exports, threatening jobs in the U.S. and Europe. Yellen emphasized the need for a healthy economic relationship and suggested that China shift its policies to encourage domestic household consumption instead of subsidizing green energy. The U.S. has not ruled out tariffs in response to China's subsidized manufacturing. The Xinhua News Agency expressed skepticism about U.S. intentions and its use of protectionist policies. The U.S. has taken steps to reduce reliance on Chinese technologies and boost domestic manufacturing capabilities. Yellen will continue her meetings in Beijing with senior officials, economists, and the central bank governor.

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https://finance.yahoo.com/news/yellen-heads-beijing-china-worries-032713507.html