G20 trade ministers fail to agree on excess capacity as US-Canada dispute intensifies

G20 trade ministers concluded their meeting without a consensus on curbing the market flooding by overproduced, underpriced goods, a practice the Trump administration attributes to countries like China. Simultaneously, the trade dispute between the U.S. and Canada has escalated, with President Trump imposing new tariffs and banning nearly $1 billion in Canadian imports, including alcoholic beverages and dairy products.