Mmastodon BusinessBusiness first seen 11 h ago, last 10 h ago, peak #5
US says 'severely disappointed' as G20 members block capacity statement
Original: The U.S. Group of 20 presidency said it was "severely disappointed" that some members rejected a statement this week for
The United States, holding this year's Group of 20 presidency, said it was "severely disappointed" after some member countries rejected a statement calling for action against excess industrial capacity — a criticism most often directed at China. The failure to agree highlights deep divisions within the G20 over trade and industrial policy, keeping the issue of global overcapacity at the center of diplomatic friction.
Why now: The deadlock exposes renewed US-China trade tensions and divisions among G20 members over industrial overcapacity.
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