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EU, U.S. say they can partner to hold China to account on 'trade-distorting policies'

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By Reuters
U.S.-EU tech trade summit clouded by French reservations
U.S.-EU tech trade summit clouded by French reservations   -   Copyright  Thomson Reuters 2021

(Reuters) – The United States and the European Union issued a joint statement on Monday saying that they can partner to “hold countries like China that support trade-distorting policies to account”.

The statement was issued by the United States Trade Representative Katherine Tai, U.S. Secretary of Commerce Gina Raimondo, and European Commission Executive Vice President Valdis Dombrovskis.

The statement announced the start of discussions to address global steel and aluminum excess capacity.

(Reporting by Kanishka Singh and Aakriti Bhalla in Bengaluru; Editing by Toby Chopra)