Key facts
- A handful of G20 trade ministers rejected US calls to curb excess industrial capacity and non-market policies.
- Only Mexico and Argentina signed a US-led statement on eliminating forced labor from supply chains.
- China has previously objected to G20 statements denouncing forced labor and non-market economic policies.
- G20 trade ministers reached consensus on denouncing the weaponization of food trade.
A "handful" of G20 trade ministers rejected US calls to curb excess industrial capacity and "non-market" policies, according to a statement from the US Trade Representative's office. The divisions within the group of major economies were highlighted following a trade meeting in Milwaukee.
The US G20 chair's statement, issued after the meeting concluded, also revealed that only Mexico and Argentina endorsed a US-led initiative to eliminate goods produced with forced labor from supply chains. This rejection follows the Trump administration's imposition of tariffs on goods from numerous countries over allegations of inadequate enforcement of forced labor bans.