US warns EU about China, raises tariffs on Chinese imports

US Treasury Secretary Janet Yellen urged the EU to impose restrictions on Chinese imports to combat the threat of cheap goods. The US recently raised tariffs on EVs to 102.5% and increased duties on Chinese batteries, solar cells, minerals, and semiconductors. Yellen emphasized the need for a coordinated response to China's trade policies, highlighting the risk to global businesses. The US aims to diversify supply chains and deepen economic ties with allies.