In an exclusive interview with the podcast “Pod Force One,” U.S. Treasury Secretary Janet Yellen addressed concerns over China’s dominant position in global manufacturing, asserting that the country’s current 30 percent share is “too high – and it can’t go higher.” Highlighting the risks of overreliance on a single nation for critical supply chains, Yellen emphasized the need for diversification to bolster global economic stability. The remarks come amid ongoing tensions over trade and supply chain security, underscoring Washington’s growing push to recalibrate manufacturing dynamics worldwide.
Treasury Secretary Warns of Risks in China’s Manufacturing Dominance
Treasury Secretary Janet Yellen expressed deep concern over China’s vast share of the global manufacturing market, currently estimated at nearly 30%. Speaking on the podcast Pod Force One, she emphasized that this level of dominance poses significant risks to global supply chains and economic stability. According to…
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Author : Olivia Williams
Publish date : 2025-06-19 06:48:00
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