Article source
Financial Times
Article date
Mon, Dec 11, 2017
The EU, Japan and the US are set to announce a new alliance to take on China more aggressively over trade issues such as overcapacity in steel and forced technology transfers, in a rare effort at international economic co-operation by the Trump administration.
In a statement due to be issued on Tuesday on the sidelines of a World Trade Organization meeting, the three economies will target the “severe excess capacity” in important sectors like steel and the role of illegal subsidies, state financing and state-owned enterprises in fuelling it, according to a draft read to the Financial Times.