On Tuesday, 21 May, US Secretary of the Treasury Janet Yellen warned against the lack of cooperation between the EU and Washington in countering Chinese industrial overcapacity. “If we do not respond strategically and in a united way, the viability of businesses in both our countries and around the world could be at risk”, she asserted during a visit to Frankfurt.
The United States announced a significant increase in tariffs on several Chinese products, including electric vehicles and...