Bloomberg Surveillance · Thursday, October 1, 2026
U.S. Trade Representative Jameson Greer stated that a primary topic at the G20 talks in Milwaukee is structural excess capacity and production, particularly from countries like China. He noted that while some G20 nations are victims of this overcapacity, others are its proponents, leading to vigorous discussions on unfair trading practices.
“So one of our main topics is, in fact, structural excess capacity and production. And we're having a pretty vigorous conversation because when you look at the G20s, the 20 largest economies in the world, some of these countries really are victims of excess capacity in production and have massive trade deficits, have lost manufacturing. And then a lot of the other countries, China, Vietnam's not here, but China and some others in Asia, they're actually the proponents of excess capacity. And that's a challenge.”
“And that's a challenge. And so it's been interesting to have these conversations. And as you might imagine, some countries are much more apt to fight against excess capacity and others are much more apt to say, well, we're just trying to produce to demand.”