Treasury Secretary Janet Yellen called out China’s excess production in green energy, calling it unfair competition that “distorts global prices” and hurts companies and workers around the world.

Yellen, who is planning her second trip to China as Treasury secretary, said Wednesday in Georgia that she will convey her belief to her Chinese counterparts that Beijing’s increased production of green energy also poses risks “to productivity and growth in the Chinese economy.”

U.S. Trade Representative Katherine Tai said in response to the complaint that the U.S. subsidies are a “contribution to a clean energy future” while China “continues to use unfair, non-market policies and practices to undermine fair competition.”

This almost reads like an article from The Onion

    • admiralteal@kbin.social
      18·
      8 months ago

      Outside of the US, you can get a 10k or less electric mini-van, mini-truck, or mini-car which would serve 90% of most peoples’ needs. Most US trips are under 3 miles after all and giant fast luxurious vehicles for those bike-range trips is just totally silly.

      Meanwhile the cheapest new car in the US is what, a Mitsubishi hatchback for $18k? It’s ridiculous. The US Automakers are in a tacit conspiracy to squeeze us as hard as they can by refusing to sell anything affordable – by inflating sizes and bloating features to justify way higher MSRPs. Meanwhile the French have access to cheap ICEs like the Skoda Citygo and even ultralight city EVs like the Citroen Ami for half that price while still being easily 90% as capable for most people.

      Or for roughly the same price as that bottom-of-the-market US ICE car you can get a totally workable EV like the Dacia Spring.

      The US subsidizes huge vehicles in a million pointless ways. I absolutely refuse to believe that vehicle inflation is just caused by some cultural woo. It’s mostly just that we create giant roads, giant parking spots, giant highways, and have automakers that intentionally go as big as the market can bear because bigger means more money. And sprinkle on some bullshit tax loopholes and state agencies/NHSTA being ultra-conservative and you have a disaster. Smaller cars thrive in the old world because the old world doesn’t make it as convenient as possible to have a goddamn road yacht. They’d go big too, but it would just be a nightmare dealing with those huge cars because their governments don’t prioritize making way for them in every way possible.

      And that’s not even getting into the frankly fine $2-3k EVs you can get in China. This is all just Europe.