Yellen says US would consider imposing tariffs, other trade barriers on China

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Treasury Secretary Janet Yellen said the U.S. would consider imposing tariffs and other trade barriers on China to protect industries impacted by Beijing’s ramped-up production. “We are trying to nurture an industry in, for example, solar cells, electric batteries, electric vehicles,” Yellen said Wednesday in Alaska during a stopover before going to China, according to Axios. “I wouldn’t want to rule out other possible ways in which we would protect them,” she said. Yellen’s remarks signal the Biden administration’s willingness to curb the economic effect of what they say is China pouring cheaper products into the global market and slowing...