U.S. Democrats have reportedly called on the Trump administration to address China’s “structural overproduction” as part of any future bilateral trade agreement.
Democrats Urge Binding Rules In US-China Trade Deal Talks
Democratic members of the House of Representatives committee on China have urged the Trump administration to incorporate “binding requirements” in any potential trade deal with China. These requirements would compel Beijing to reduce its industrial overcapacity, as reported by Reuters.
The letter, sent to Treasury Secretary Scott Bessent as well as other top trade officials, highlights the concerns about China’s overproduction, which leads to excessive exports and price wars.
The letter, echoing the arguments made by the Biden administration, particularly by former Treasury Secretary Janet Yellen, emphasizes the need to address China’s overcapacity, particularly in industries such as steel and …