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U.S. Secretary of the Treasury Janet Yellen attends a press conference with Chile's Finance Minister Mario Marcel (not pictured) at the Finance Ministry building in Santiago, Chile, March 1, 2024. REUTERS/Ivan Alvarado/File Photo
Yellen says US moving to ensure domestic EV maker success despite China's exports
Yellen old reporters President Joe Biden was committed to ensuring the success of U.S. EV makers.
14 March 2024
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ELIZABETHTOWN, Kentucky, March 13 (Reuters) - U.S. Treasury Secretary Janet Yellen on Wednesday said the Biden administration was taking steps to ensure the success of its domestic electric vehicle industry in the face of China's growing exports in the sector and heavy government subsidies.
Yellen, asked at a new EV battery materials plant in Kentucky whether the U.S. needed new tariffs on Chinese EVs, told reporters President Joe Biden was committed to ensuring the success of U.S. EV makers and reducing the sector's dependence on China.
