The statement was issued on the sidelines of a meeting of the Organization for Economic Cooperation and Development Trade (OECD) Committee.
Washington argues that excess capacity and production are consequences of subsidies, policy-driven financing, state-owned enterprises, market access barriers, lax labor and environmental standards, and export assistance not aligned with actual supply and demand.
According to US Trade Representative Jamieson Greer, that can cause cheap goods to flood global markets, put pressure on businesses and workers in other countries, distort competition, and threaten productive capacity in strategic industries.
