US 'severely disappointed' in lack of G20 consensus on overproduction

Economic Times - Oct 3, 2026

The US G20 presidency expressed disappointment after trade ministers failed to reach agreements on excess capacity. A draft statement aimed at addressing this issue saw support from most members but was rejected by a few. China previously objected to calls for eliminating non-market policies and only a few countries took a stand against forced labor. Mexico and Argentina joined the US in issuing a statement regarding forced labor concerns.

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Oct 3, 2026
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