The United States is urging G20G20 refers to the G20 is an international forum for the governments and central bank governors from 19 countries and the European Union The Group of Twenty, more commonly referr...Read More members to SupportSupport is a price area where a decline has previously met enough buying interest or reduced selling pressure to slow, stop, or reverse downward movement. It is best treated as...Read More its TariffTariff refers to a tariff is a tax imposed by a government on goods and services imported from other countries. The term belongs in Level 7 because it helps connect macro condit...Read More agenda as trade pressure on China intensifies. The push could add to uncertainty over global trade policy and relations between major economies.
U.S. Trade Representative Jamieson Greer urged G20 trade ministers to support changes to global trade rules as Washington pressed its tariff agenda and criticised Chinese industrial subsidies and overcapacity. Reuters reported that Greer questioned constraints associated with the WTO's Most-Favoured-Nation framework and defended U.S. tariff measures. Separately, a group of mostly Western economies agreed to increase tariffs on Chinese steel amid concerns about excess capacity. The G20 discussions create a fresh trade-policy catalyst with potential implications for global supply chains, industrial commodities and U.S.-China relations.
