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Message: Yellin' in China

from https://www.zerohedge.com/geopolitical/china-rebukes-us-politicization-trade-issues-yellen-seeks-balanced-economic-growth

snip,

Ms. Yellen said she was “particularly concerned” about Beijing’s overproduction in certain sectors because of state subsidies and other policy support. A priority of the treasury secretary’s trip was to pressure Beijing to address the issue of overproduction, especially in new green-energy sectors such as solar, electric vehicles, and lithium-ion batteries.

“I think the Chinese realize how concerned we are about the implications of their industrial strategy for the United States, for the potential to flood our markets with exports that make it difficult for American firms to compete, and that other countries have the same concern,” she told reporters after announcing the new scheme in Guangzhou, a southern Chinese export hub.

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So when is the US going to actually support any company in the US with their IRA? Maybe if the US actually meant what they say instead of just attacking China for succeeding in the new EV industry EFL would have got some capital assitance by now.... so when is the US going to help a domestic company to build out production? All talk (lies) and no action USA.

 

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