South Korea, the United States, and Japan have united in a coordinated effort to address concerns over China’s industrial overcapacity, which threatens global markets with excess supply. The move signals growing economic tensions as the three allies seek to counter what they describe as unfair trade practices and market distortions. Authorities are reportedly exploring measures to limit imports of goods produced in surplus, particularly in sectors like steel and solar panels. The alliance highlights deepening strategic cooperation among the partners amid rising competition with China’s state-backed industries.
South Korea, U.S., Japan join push against China's overcapacity upi
