"Yellen Urges China to Address Economic Imbalance and Trade Practices"

U.S. Treasury Secretary Janet Yellen stated that the United States will not tolerate its industries being devastated by subsidized Chinese imports, drawing attention to China's government support for industries like electric vehicles and solar products. Yellen emphasized that the U.S. would not allow a repeat of the impact seen in the steel sector a decade ago, and highlighted concerns about China's weak domestic demand and overinvestment.