Excess solar panels in China causing supply chain disruption

During a speech at a Georgia solar company, U.S. Treasury Secretary Janet Yellen expressed concerns about China’s surplus of green technology exports potentially harming American manufacturers of the same items. She pointed out that China’s overcapacity in solar power, electric vehicles, and lithium-ion batteries allows them to sell these products at lower prices in other countries, thus undercutting competition from American manufacturers. Yellen highlighted the negative impact of China’s overcapacity on global prices and production patterns, stressing that it hurts not only American firms and workers but also those around the world.

Yellen emphasized the need for American firms and workers to be able to compete on a level playing field. She intends to press her Chinese counterparts to take necessary steps to address this issue during her upcoming trip in April, emphasizing the importance of fair competition for American firms and workers. Discussing overcapacity has been a priority in previous discussions with China and will continue to be a key issue during her next visit.

By Riley Johnson

As a content writer at newsmol.com, I dive into the depths of information to craft compelling stories that captivate and inform readers. With a keen eye for detail and a passion for storytelling, I strive to create engaging content that resonates with our audience. Whether it's breaking news, in-depth features, or thought-provoking opinion pieces, I am dedicated to delivering high-quality, informative content that keeps readers coming back for more. My goal is to bring a fresh perspective to every article I write and to make a meaningful impact through the power of words.

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