Trade policy: Resistance to US demands at G20 meeting
G20 trade ministers are arguing about how to deal with industrial overcapacity. A "handful" of countries is opposing US demands.
A small group of G20 trade ministers opposed US demands to reduce industrial overcapacity and abandon "non-market" policy measures, according to the US Trade Representative's office. The opposition deeply disappointed the US, which holds the G20 presidency. Only Mexico and Argentina signed a US-proposed statement calling for greater cooperation to eliminate goods made with forced labor from supply chains.
The US administration of President Donald Trump had previously imposed tariffs on goods from 59 countries and the European Union, citing inadequate enforcement of forced labor bans. The G20 trade ministers did reach a consensus in condemning the use of food and agricultural products as economic or political leverage.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
