U.S. Treasury Secretary Janet Yellen has called on the European Union to collaborate with the United States in addressing the surge of Chinese green-tech exports, warning that the influx threatens …
She’s the Treasury secretary. The point isn’t about reducing green tech, it’s reducing Chinese competitive advantage. She’s calling for the us and eu to ramp up production. As policy, they are trying to buy time, by blocking Chinese access to Western markets in the meantime.
They believe China is massively subsiding this push with a specific intention to destabilize and blow out western markets. So by reducing Chinese access to Western markets, while also making Western markets more competitive, they believe they can improve their geopolitical position.
Believe that or don’t, but as a federal Western policy maker, that’s their take.
Indeed, the mile high view is that in the meantime, folks who want affordable greener tech will have less access to it, and that is a bummer
The US has subsidized Tesla alone more than China has subsidized all their electric car companies combined. They don’t believe China is massively subsidizing the market for green tech, they believe that they are unable to compete on a fair playing field and so will attempt to tip the scales in their favor.
She’s the Treasury secretary. The point isn’t about reducing green tech, it’s reducing Chinese competitive advantage. She’s calling for the us and eu to ramp up production. As policy, they are trying to buy time, by blocking Chinese access to Western markets in the meantime.
They believe China is massively subsiding this push with a specific intention to destabilize and blow out western markets. So by reducing Chinese access to Western markets, while also making Western markets more competitive, they believe they can improve their geopolitical position.
Believe that or don’t, but as a federal Western policy maker, that’s their take.
Indeed, the mile high view is that in the meantime, folks who want affordable greener tech will have less access to it, and that is a bummer
The US has subsidized Tesla alone more than China has subsidized all their electric car companies combined. They don’t believe China is massively subsidizing the market for green tech, they believe that they are unable to compete on a fair playing field and so will attempt to tip the scales in their favor.
“fair” dude this is naked geopolitics. Edit Every country does it.
I provided a description of their actions, based on their public statements.
Edit not my opinion on the validity or background facts of those actions.