MarketPR
G20 trade officials in Milwaukee announced a new agreement known as the Milwaukee Framework, which calls on member nations to curb market-distorting subsidies and strengthen monitoring of steel imports and trade circumvention.
The accord endorses evidence-based actions against excess capacity, a measure that may include tariffs.
This development follows a broader consensus reached at the G20 finance ministers meeting in Asheville, North Carolina, in September.
During that session, the United States and nearly every other G20 economy agreed that large, persistent trade imbalances can harm other countries.
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