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G20 Trade Ministers Weigh Curbs on 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 urged ministers to take action against excess industrial capacity that is unfairly driving down global prices. Several countries, with China excluded, agreed to a plan involving reductions in capacity, according to reports. The talks highlight growing US-led pressure on trade partners to address overproduction and its impact on global markets.

Why now: The US is pushing G20 partners to commit to curbing industrial overcapacity, a contentious trade issue involving China.

G20United StatesChina

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• ⚡ NEWS G20 Trade Ministers Discuss Curbing Industrial Capacity Amid US Pressure At a G20 meeting, US trade envoy pushed for action against excess industrial capacity driving down prices unfairly. Several countries, excluding China, agreed to a plan involving the reduction of… · GeoWire · 3

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