To deal with the excess capacity of China, Yellen said that no means to rule out any m

(Bloomberg, Washington) U.S. Treasury Secretary Yellen said that the United States does not rule out any measures, including might impose additional tariffs in order to deal with the excess capacity of China and prevent a large number of cheap goods from pouring into the US market.

Yellen said in an interview with the US Limited Television News Network (CNN): "We are worried that China's goods in the areas of severe excess capacity in China's capacity may be exported to the US market ...It is pointed out that this is not only our concerns, but also the concerns of other countries including Europe, Japan, and even emerging markets such as India, Mexico and Brazil.

When Yellen visited China last week, he criticized China's "unfair economic policy", including distorting the global market through over -production in the United States and other foreign companies in China, and over -production through subsidies.

When asked if the United States may levy additional tariffs, Yellen said in an interview broadcast on Sunday (April 14) saying: "I will not rule out any possible response measures, but we really want to be responsible responsiblelyManage this relationship " Yellen also boosted the domestic manufacturing industry in order to get rid of the practice of dependence on cheap Chinese goods.She believes that the United States can only have a very limited impact on inflation.

She pointed out that since China joined the World Trade Organization, the surge in China's imported goods is one of the reasons for the "hollow" of industries in some parts of the United States.She showed: "We want to carry out mutually beneficial trade."

Industrial hollow refers to the transfer of middle and low -end manufacturing to overseas, including labor -intensive industries, leading to the rapid decline in the proportion of manufacturing industry in GDP (GDP).

Yellen said that she also reminded China not to support Russia's war against Ukraine.She pointed out that companies that provide material support for the Russian war, including banks that promote military materials to Moscow, may face US sanctions.