US pushes against overproduction with eye on China at G20 meeting

MILWAUKEE: The United States is pushing for action against excess industrial capacity that drives prices down unfairly, Washington’s top trade envoy said Wednesday on the sidelines of a G20 meeting, with some countries — excluding China — agreeing to a plan that includes reducing subsidies. The developments came as officials from the Group of 20 major economies convened in the Midwestern city of Milwaukee over two days, with a group of countries separately agreeing on a framework to counter “per