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       U.S. Warns China About Its Exports and Support for Russia

       Beijing’s economic policies threaten American workers, Treasury Secretary Janet L. Yellen told Vice Premier He Lifeng in the southern city of Guangzhou.

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       Treasury Secretary Janet L. Yellen and Vice Premier He Lifeng in Guangzhou, China, on Saturday.Credit...Tingshu Wang/Reuters

       By Alan Rappeport

       Alan Rappeport is traveling with Treasury Secretary Janet L. Yellen in China.

       April 6, 2024, 4:54 a.m. ET

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       Treasury Secretary Janet L. Yellen confronted her Chinese counterpart about China’s surging exports of inexpensive electric vehicles and other green energy goods, saying that they were a threat to American jobs and urging Beijing to scale back its industrial strategy, the U.S. government has said.

       Ms. Yellen also warned her counterpart, Vice Premier He Lifeng, that Chinese companies could face “significant consequences” if they provided material support for Russia’s war on Ukraine, according to a Treasury Department summary released on Saturday of two days of talks in the southern city of Guangzhou.

       The meetings on Friday and Saturday were an effort by the world’s two largest economies to address trade and geopolitical disputes as the countries try to steady a relationship that hit a low last year.

       The U.S. and China agreed to hold additional talks in the future about curbing international money laundering and fostering “balanced growth.” The latter is aimed partly at addressing concerns that China’s focus on factory production to bolster its sputtering economy has resulted in a glut of exports that is distorting global markets.

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       The surge of heavily subsidized green technology exports from China has been a focus of Ms. Yellen’s second trip as Treasury secretary to the country. Cheap Chinese electric vehicles, batteries and solar panels are of particular concern to the Biden administration, which has been investing in those sectors at home.

       Relations Between China and the U.S. Yellen’s Visit: Treasury Secretary Janet Yellen is making her second trip to China for high-level talks aimed at further stabilizing the relationship between the world’s largest economies, but several thorny issues remain. Biden-Xi Call: President Biden spoke with Xi Jinping, China’s leader, in a call that was aimed at addressing a variety of combative and cooperative issues, as the United States grapples with wars and other global crises. Influencing the U.S. Election: Covert Chinese accounts are masquerading online as American supporters of Donald Trump, signaling a potential tactical shift in how Beijing aims to influence U.S. politics. Mounting Space Threats: The United States and China are locked in a new race over a fundamental resource: time.

       “I think the Chinese realize how concerned we are about the implications of their industrial strategy for the United States, for the potential to flood our markets with exports that make it difficult for American firms to compete,” Ms. Yellen told reporters after the meetings.

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       Alan Rappeport is an economic policy reporter, based in Washington. He covers the Treasury Department and writes about taxes, trade and fiscal matters. More about Alan Rappeport

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