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'Handful' of G20 countries reject US stance on excess industrial capacity
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 — signed on to a US-led statement calling for more work and cooperation to eliminate mgoods produced with forced labor from supply chains. The rejection from the vast majority of G20 countries follows th...
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