USTR Greer says all EU countries agree that Chinese exports are a problem
SPY•U.S. Trade Representative Jamieson Greer said all EU countries agree more action is needed to curb excess factory capacity, largely centered in Asia. He said more than a dozen G20 countries and the EU will share information and cooperate on coordinated action.
1. Countries discuss coordination
Greer said more than a dozen G20 countries and the EU, which signed a joint statement on Wednesday, will share information and cooperate on coordinated action. He said the practical details have yet to be seen.
2. EU raises exports with China
Greer said the EU had gone to China to ask it to restrain exports to the bloc. He said China, Vietnam and some other countries disagree that more action is needed to curb excess capacity.
