"The thing that I am fundamentally concerned about from China is...

"The thing that I am fundamentally concerned about from China is excess capacity coming from China and hitting the global economy," Adeyemo said.

China's heavily subsidized manufacturing capacity for electric vehicles, solar panels and other goods has followed industries such as steel and aluminum in producing more goods than China can consume, he added.

"Fundamentally that overcapacity is going to go somewhere," Adeyemo said, adding that U.S. tariffs and tax credits for EVs and their batteries will help keep Chinese EVs out of the U.S. market and allow American firms to compete more fairly

https://www.reuters.com/markets/chinas-woes-wont-slow-us-economy-excess-capacity-concern-treasurys-adeyemo-2024-02-23/

public justification for tariffs by US Treasury to protect domestic EV and battery sector, will we see it this week?