The Treasury secretary, who plans to make her second trip to China soon, will argue that the country’s excess industrial production warps supply chains.
The US is free to give its own industry similar subsidies as China. Then both can flood the global market with cheap green energy products. There are lots of countries besides the US, who would love to buy a lot of cheap green energy products to reduce emissions and in many cases have green growth, if that is even possible. Countries like Ethiopia banning combustion engine car imports would be impossible without Chinas overproduction.
The US is free to give its own industry similar subsidies as China. Then both can flood the global market with cheap green energy products. There are lots of countries besides the US, who would love to buy a lot of cheap green energy products to reduce emissions and in many cases have green growth, if that is even possible. Countries like Ethiopia banning combustion engine car imports would be impossible without Chinas overproduction.