US labels China ‘world’s leading offender’ in creating industrial overcapacity as USTR Katherine Tai lays out hardline approach

Apr 1, 2021 | INVESTING

The United States government on Wednesday vowed to continue battling what it sees as significant trade barriers that are harming American companies and farmers, and singled out China as the “world’s leading offender” in creating overcapacities in several sectors.The US Trade Representative’s office (USTR) said its annual report on the issue showed “significant barriers that present major policy challenges with implications for future US growth opportunities, and the fairness of the global…

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