EU's von der Leyen echoes Yellen's calls for tough stance on Chinese overcapacity

• European Commission chief Ursula von der Leyen on Tuesday said that Europe must talk tough with China on its perceived unfair trade practices, echoing calls a day earlier from U.S. Treasury Secretary Janet Yellen.
• Yellen told CNBC she would not rule out any measures, including potential tariffs, on China, amid concerns that it is intentionally flooding international markets with cheap green energy products.
• Chinese overcapacity has become a major point of diplomatic tension, with the U.S. and its allies contesting that excess production from China is undercutting domestic businesses.

European Commission chief Ursula von der Leyen on Tuesday said that Europe must talk tough with China on its perceived unfair trade practices, echoing calls a day earlier from U.S. Treasury Secretary Janet Yellen.

Speaking ahead of German Chancellor Olaf Scholz's trip to Beijing later this week, von der Leyen said European companies should have the same market access in China as Chinese firms have in Europe, according to comments cited by Reuters.

She also urged the German leader to take a hard stance with Chinese authorities about overcapacity and unfair competitive practices.

It comes after Yellen on Monday told CNBC she would not rule out any U.S. measures, including potential tariffs, against, China amid concerns that Beijing is intentionally flooding international markets with cheap green energy products.

"I wouldn't rule out anything out at this point. We need to keep everything on the table. We want to work with the Chinese to see if we can find a solution," she said in an interview with CNBC's Sara Eisen.

Chinese overcapacity has become a major point of diplomatic tension, with the U.S. and its allies contesting that excess