On September 5, 2016, the White House issued a Fact Sheet summarizing outcomes from the recent G20 summit in Hangzhou, China.  On the issue of overcapacity, the Fact Sheet incorporates language promoted by China leading up to the summit, characterizing “excess capacity in steel and other industries” as “a global issue that requires a collective response.”  In this sense, the Fact Sheet seems to overlook China’s unique position as the largest source, by far, of excess capacity in these sectors.

At the same time, however, the Fact Sheet hints at stronger unilateral action by the United States, including stricter enforcement of domestic trade laws and the possibility of challenges under global trade agreements:

{T}he United States will continue its efforts to address many of the trade-related challenges in the global steel industry.  This includes enforcing 160 anti-dumping and countervailing duty orders on steel and steel-related products, tracking U.S. and global steel trade flows, working to address evasion of anti-dumping and countervailing duties and upholding U.S. rights under trade agreements.

The full text of the Fact Sheet is available here.