US, EU say they can partner to hold China to account on trade distorting policies


Source: dailyhunt.in dailyhunt.in

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Washington [US], May 17 (ANI): The United States and European Union (EU) on Monday said they can partner to hold countries like China that "support trade-distorting policies to account". The joint statement was issued by US Trade Representative Katherine Tai, US Secretary of Commerce Gina M Raimondo, and European Commission Executive Vice President Valdis Dombrovskis. They also announced the start of discussions to address global steel and aluminium excess capacity. Ambassador Tai, Secretary Raimondo, and Executive Vice President Dombrovskis acknowledged the impact on their industries stemming from global excess capacity-driven largely by third parties. "The distortions that result from this...