G20 countries divided over US call to curb excess industrial capacity

G20 trade ministers revealed divisions over US calls to curb excess industrial capacity and "non-market" policies. The US, as this year's G20 chair, stated that a "handful" of ministers rejected these proposals. This occurred after a trade meeting in Milwaukee where only Mexico and Argentina joined a US-led statement advocating for cooperation to eliminate goods produced with forced labor. The US Trade Representative's office issued this statement on Friday, highlighting the lack of consensus within the group of major economies on these trade issues.