Overview
- Yellen warns that China's excess production in green technologies threatens global markets.
- The US has imposed steep tariffs on Chinese electric vehicles, solar products, and other strategic industries.
- Yellen urges European leaders to take similar actions to prevent factory closures and protect clean energy sectors.
- G7 finance ministers to discuss using frozen Russian assets to aid Ukraine at upcoming meetings in Italy.
- China's support for Russia's defense industry also a concern, with additional sanctions on Chinese entities likely.