{
  "id": 11614262,
  "title": "'Handful' of G20 countries reject US stance on excess industrial capacity",
  "url": "https://urgent.news/2026/10/03/handful-of-g20-countries-reject-us-stance-on-excess-industrial-11614262",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-03T05:23:09.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40442462/handful-of-g20-countries-reject-us-stance-on-excess-industrial-capacity"
  },
  "original_language": "en",
  "account": "A small number of Group of 20 trade ministers disagreed with the United States' proposal to reduce excess industrial capacity and non-market economic policies, a US Trade Representative's office declared on Friday, highlighting divisions among the major economies. The US, currently chairing the G20, made the assertion a day after a trade summit in Milwaukee, where only Mexico and Argentina endorsed a US-led statement urging further efforts to eliminate goods produced through forced labor from supply chains. The widespread rejection of the US stance follows the Trump administration's 10% or 12.5% tariffs on goods from 59 countries and the European Union, alleging lack of enforcement against forced labor. The USTR is also conducting a second \"Section 301\" tariff probe into 16 trading partners suspected of having excess industrial capacity, likely resulting in new duties in the coming months. While the USTR statement did not name the countries opposing the excess-capacity statement, China had previously objected to a similar G20 declaration condemning forced labor and non-market economic policies at a finance leaders' meeting in North Carolina a month earlier. China has consistently denied accusations of excess industrial capacity and industrial subsidies, blaming Western nations for potential protectionist measures. This year, Beijing has been a central figure in G20 ministerial meetings, vehemently rejecting claims that its industrial policies generate excess capacity. US-led G20 discussions have predominantly focused on China's industrial policies, which the US claims have led to excess capacity. Despite the US-led G20 trade ministers agreeing to condemn food trade weaponization, where food or agricultural inputs are used to coerce unrelated geopolitical concessions, the majority of countries remained unconvinced about addressing excess industrial capacity.",
  "summary": "MILWAUKEE: 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 —…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Jakarta Post",
        "title": "'Handful' of G20 countries reject US stance on excess industrial capacity",
        "url": "https://urgent.news/2026/10/03/handful-of-g20-countries-reject-us-stance-on-excess-industrial",
        "published": "2026-10-03T04:13:18.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}