USTR Jamieson Greer Calls on G20 to Address Industrial Overcapacity and Non-Market Policies
U.S. Trade Representative Jamieson Greer has called for stronger action by the Group of Twenty (G20) economies against industrial overcapacity, particularly highlighting concerns about China's state-driven production model. Speaking at a recent meeting, Greer emphasized that non-market policies are distorting global trade and undermining fair competition. The U.S. is advocating for a broader reset in international trade rules to address these imbalances. The focus on China reflects growing tensions over its industrial subsidies and export practices, which the United States argues create unfair advantages in key sectors like steel and solar energy. Greer's remarks align with ongoing efforts by Washington to rally support among major economies for reforms that would counteract what it describes as systemic distortions caused by state intervention. The G20 is expected to continue discussions on this issue, which could influence future trade agreements or policy responses.
Topics: G20 global trade rules industrial overcapacity U.S.-China trade relations