US and 14 nations issue joint statement on semiconductor overcapacity

The US and 14 other economies issued a joint statement after the G20 trade ministers' meeting in Milwaukee, pledging to cooperate on structural overcapacity and excess production in key industries, including semiconductors. No specific measures or timelines were announced.

• Statement issued after G20 trade ministers' meeting in Milwaukee
• US and 14 other economies joined the initiative
• Goal is tackling structural overcapacity
• Semiconductors named among key industries