G20 countries divided over US call to curb excess industrial capacity

South China Morning Post - Oct 3, 2026

A “handful” of Group of 20 trade ministers rejected US calls to curb excess industrial capacity and “non-market” policies, the US Trade Representative’s office said on Friday, exposing divisions within the group of major economies. The US, this year’s G20 chair, issued the statement ‌a day after a trade meeting in Milwaukee that revealed that only two countries – Mexico and Argentina – signed on to a US-led statement calling for more work and cooperation to eliminate goods produced with forced...

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