Nothing off the table in US response to China overcapacity, Yellen says

By Thomson Reuters Apr 25, 2024 | 9:46 AM

WASHINGTON (Reuters) – The Biden administration is not taking anything off the table with regard to a potential response to China’s industrial overcapacity, which is a top concern for the U.S. and its allies, U.S. Treasury Secretary Janet Yellen said on Thursday.

China exporting its way to full employment is not acceptable to the rest of the world, Yellen told Reuters in an interview.

(Reporting by Alessandra Galloni; Writing by Dan Burns; Editing by Andrea Ricci)