Mmastodon BusinessMarkets first seen 12 h ago, last 5 h ago, peak #3
G20 Trade Ministers Discuss Curbing Industrial Capacity Under US Pressure
Original: ⚡ NEWS G20 Trade Ministers Discuss Curbing Industrial Capacity Amid US Pressure At a G20 meeting, US trade envoy pushed
At a G20 meeting, the US trade envoy pushed for coordinated action against excess industrial capacity that is unfairly driving down global prices. Several countries, excluding China, reportedly agreed to a plan involving reductions in capacity. The discussion highlights continued US efforts to rally trading partners on overcapacity, a dispute at the heart of tensions with Beijing over steel, solar and other subsidized exports.
Why now: The US is pressuring G20 partners to join measures against industrial overcapacity, excluding China, amid ongoing trade tensions.
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