G7 leaders commit to ‘joint monitoring,’ coordination on non-market policies

G7 countries on Friday pledged to tackle non-market policies and economic coercion by prioritizing supply chain resilience and diversification, committing to further coordination via “joint monitoring” and additional information-sharing along with individual efforts. President Biden is in Italy this week for the G7 summit, which produced a leaders’ communiqué released on Friday. The White House also released a fact sheet . “We are more committed than ever to work together to address harmful market distortions and global excess capacity in...