Sean's Daily News Digest
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2 updates·since 2 Oct 2026
G20 divided on US call to curb industrial overcapacity
The story so farA "handful" of G20 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. The US said it was "severely disappointed" by the lack of G20 consensus on overproduction; only Mexico and Argentina backed a US-led statement on removing goods made with forced labour.
Still watching
- How will the US respond to the lack of G20 consensus on overcapacity and forced-labour goods?
- Which G20 countries rejected the US position on excess industrial capacity, and on what grounds?
How it developed
G20 divided on US call to curb industrial overcapacity
- A "handful" of G20 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.
- The US said it was "severely disappointed" by the lack of G20 consensus on overproduction; only Mexico and Argentina backed a US-led statement on removing goods made with forced labour.
G20 trade ministers deadlock on overcapacity
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