U.S., EU, 13 Countries Target Excess Manufacturing Capacity
The joint statement targets overproduction in autos, batteries and semiconductors as the Trump administration weighs higher tariffs on more than a dozen trading partners.
- On Wednesday, trade ministers from over a dozen G20 countries, the European Union, and Poland signed a US-led statement pledging to eliminate structural excess factory capacity and the non-market policies that distort global trade.
- This joint declaration follows a G20 trade ministers meeting in Milwaukee last week that failed to reach consensus on industrial capacity issues. Senior officials finalized the agreement on the sidelines of an OECD Trade Committee meeting.
- Signatories including Argentina, Australia, Canada, Germany, India, Japan, Mexico, and Britain pledged to address excess capacity in autos, electric vehicles, batteries, chemicals, semiconductors and solar panels, promising to "further examine and take effective actions."
- Trade Representative Jamieson Greer said the global trading system is "completely out of whack," adding that President Trump is "fixing it with likeminded partners" as countries facing trade pressure committed to collective action.
- China rejected these claims, accusing Western nations of using industrial policies to justify protectionist measures, while the United States continues investigating excess capacity targeting more than a dozen trading partners with potential higher tariffs ahead.
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18 Articles
India joins US, 13 economies in joint statement to address global excess capacity after G20 meeting - The Tribune
The joint ministerial statement signed by the 15 participating economies was released by the Office of the US Trade Representative (USTR) on Wednesday, following discussions among G20 Trade Ministers in Milwaukee, Wisconsin, on September 30 and October 1, 2026.
The initiative was driven by the USTR, amid the push with China on trade issues
He signed an initiative promoted by the Trump administration and signed 14 countries, seeking to limit excess industrial production and "non-market-oriented" practices.
Some G20 trade ministers sign US-led statement denouncing ...
Brazil, China not in statement on overproduction after G20 talks
Thirteen countries, including the US and EU, issued a statement addressing excess industrial capacity after G20 talks, notably excluding Brazil and China. This move targets overproduction often associated with Beijing.
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