Yellen Says US Has Option to Shield New Industries Against China

Treasury Secretary Janet Yellen suggested the US will retain the option to protect new industrial sectors against China after what she described as the Asian nation’s massive state investments in areas including clean energy.

Yellen made the remarks while speaking with reporters Wednesday en route to China, which she’ll be visiting for the second time in nine months. Asked whether she plans to brief her counterparts on likely fresh trade barriers to address China-driven overcapacity in clean energy sectors, Yellen said she “wouldn’t want to rule out other possible ways in which we would protect them.”

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