U.S. seeks to 'reset’ overcapacity discussion at WTO after sparring with China

The U.S. is looking for a way to reset the discussion of Chinese overcapacity at the World Trade Organization to be “more productive” following another back-and-forth between Washington and Beijing this week that the U.S. acknowledged likely causes many delegations to “tune out.” During a Subsidies and Countervailing Measures Committee meeting on Tuesday, the U.S. and China traded blame on overcapacity, an issue Washington has raised for years at the WTO and elsewhere. The U.S. and its cosponsors for the...