G20 trade officials meet under shadow of tariffs, overcapacity
MILWAUKEE — Group of 20 (G20) trade ministers are set to open talks Wednesday in the United States, in meetings strained by United States President Donald Trump's tariffs as Washington targets partners regarding forced labour and overcapacity.
G20 trade ministers convene in Milwaukee amid tariffs and overcapacity concerns, with no breakthroughs anticipated. The United States, currently holding the G20 presidency, has imposed tariffs on various sectors, targeting countries for alleged forced labor and overcapacity. The US Trade Representative, Jamie Raskin, maintains that the administration is not anti-trade, emphasizing the global challenges of overcapacity and non-market policies.
However, key US trading partners, including Canada and the EU, are pushing for deeper trade ties outside the United States, despite tensions. Critics argue that China's excess industrial capacity floods markets, suppressing prices, while the US investigates 16 partners on similar grounds. The outcome remains uncertain, as the next US presidential election in 2028 could significantly alter trade policy.
Written by urgent.news from Bangkok Post Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
