EU, Japan and US to ramp up trade pressure on China

Article source
Financial Times

The EU, Japan and the US are set to announce a new alliance to take on China more aggressively over trade issues such as overcapacity in steel and forced technology transfers, in a rare effort at international economic co-operation by the Trump administration.

In a statement due to be issued on Tuesday on the sidelines of a World Trade Organization meeting, the three economies will target the “severe excess capacity” in important sectors like steel and the role of illegal subsidies, state financing and state-owned enterprises in fuelling it, according to a draft read to the Financial Times.

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