G20 nations push back on US industrial overcapacity stance amid tariff escalation

Several G20 members have publicly rejected the US position on industrial overcapacity, following the Trump administration's imposition of tariffs of 10% or 12.5% on products from 59 countries and the EU. This marks a notable diplomatic rift within the G20, as the US seeks to curb excess capacity, likely targeting China, but faces resistance from other members. The disagreement could complicate global trade negotiations and signal a broader alignment against US trade policy.