October 1, 2026

G20 Nations Agree on New Framework to Address Global Steel Overcapacity

G20 trade officials announced the Milwaukee Framework to curb steel market distortions and excess capacity.
The agreement emphasizes evidence-based actions, potentially including tariffs, to address trade imbalances.
Most G20 countries now acknowledge the negative impact of large trade surpluses on domestic industries, with China as the only objector.

Read the news this way every day.

Concur organizes political reporting into clear stories and shows the sources behind each one.

Free. No ads.