Tai calls for new tools, joint action in tackling overcapacity

The U.S. must be prepared to “deploy all tools” and “explore the development of new ones” with like-minded trading partners to tackle global steel and aluminum overcapacity as well as Chinese industrial policies, U.S. Trade Representative Katherine Tai said on Tuesday. “We need more tools,” she said. “We just need more tools, and they need to fit the purpose. The tools we have, we know how they can be effective, and we know where the limitations are.” Tai spoke at...