Democrats urge Trump to act on China trade deal - Video Dailymotion

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3 months ago

Democrats have called on Donald Trump’s administration to ensure a China trade deal tackles industrial overcapacity, which they say harms U.S. jobs, weakens industries, and destabilises global markets.

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00:00United States Democrats call on the Trump administration to press China to cut back industrial overproduction

00:07as Treasury Secretary Scott Besant meets Chinese officials in Spain.

00:13In a letter to top economic officials, members of the House Committee on China say

00:18any trade deal must include binding rules to reduce overcapacity.

00:23They warn that China produces far more than it consumes, flooding global markets with cheap exports,

00:32undercutting U.S. industry and costing jobs.

00:35Beijing denies the charge but has launched measures to fight deflation

00:39and curb damaging price wars in sectors such as steel and solar panels.

00:45Talks begin Sunday in Madrid, where Besant and U.S. Trade Representative Jameson Greer

00:49met Vice-Premier Herli Fang's delegation.

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