During the Global Forum on Steel Excess Capacity (GFSEC) meeting in Milwaukee, Wisconsin, US Trade Representative Jamieson Greer advocated for a new global framework aimed at curbing excess steel production. Greer argued that the United States has already implemented significant measures to address the issue and suggested that other nations should adopt similar strategies to stabilize the global market.

The proposal comes in the wake of a high-profile state visit by Chinese President Xi Jinping to the United States. While the US government has long expressed concerns regarding China's industrial output, this specific push at the G20 meeting signals a renewed effort to coordinate international trade policy against what the US characterizes as systemic overcapacity. The US position is that excess production, particularly from China, distorts market prices and harms domestic industries in other countries. The proposal seeks to create a unified front among G20 nations to monitor and potentially restrict production levels that exceed global demand. As of now, the framework remains a proposal, and it is unclear how other G20 members, particularly China, will respond to the specific mechanisms suggested by the US delegation.