Biden Doesn’t Want Cheap EVs From China. What Does That Say About U.S. Climate Policy?

China wants to export its cheap electric vehicles to the United States. Is that a bad thing?It seems that way, according to U.S. Treasury Secretary Janet Yellen, who was in Guangzhou last week raising concerns about China’s overcapacity in green technologies, such as electric vehicles. She has previously warned that China’s huge subsidies are leading to a flood of exports at depressed prices that “hurts American firms and workers.”This might sound counterintuitive. Many Americans concerned about climate change may ask: Don’t we need more affordable, climate-friendly technologies? Won’t…