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Excerpt from www.wsws.org
Following its imposition of sweeping tariffs on a range of Chinese green technology goods, spearheaded by a 100 percent charge on electric vehicles [EVs], the United States is trying to draw the European Union into its economic warfare against Beijing.
Treasury Secretary Janet Yellen issued what amounted to a call to arms in a major speech yesterday in Frankfurt, Germany, on the importance and strength of the Transatlantic alliance.
After recalling the collaboration with Europe from the Cold War to the NATO operations against Russia in the Ukraine war, she turned to the issue which is front and centre for the US—the existential threat to its global economic dominance it considers is posed by the economic rise of China.
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