G20 Rejects US Push on Excess Capacity
Several G20 nations rejected US demands to curb excess industrial capacity and non-market policies during a recent trade meeting. The division highlights ongoing global disagreements over trade rules and subsidies.
A handful of Group of 20 economies rejected United States calls to curb industrial overcapacity during trade meetings in Milwaukee on Thursday afternoon. The pushback exposes deep fractures within the bloc over trade policies and non-market subsidies. Washington's trade office expressed severe disappointment after members sidelined proposals addressing forced labor and excess output.
