China’s electric vehicles pose an existential threat to the U.S. car industry, auto executives fear. The speedy rise of the country’s EV industry means it is not only satiating demand at home but also supplying low-cost EVs abroad. To address this, among many other trade issues, U.S. Treasury Secretary Janet Yellen traveled to Beijing this past week, and her message to her Chinese counterpart was clear: "You’re producing too much stuff!"
