Overview

• Democratic members of the House Select Committee on China sent a letter urging the administration to include binding requirements on Beijing to reduce industrial overproduction.
• Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer opened talks in Madrid with a Chinese delegation led by Vice Premier He Lifeng.
• The letter cites sectors such as steel and solar panels as evidence that excess supply has driven export waves that undercut U.S. jobs and global market stability.
• Chinese Foreign Ministry spokesperson Lin Jian dismissed the overproduction claims as politically motivated and said China’s industrial policies follow market rules and target sustainable growth.
• Treasury and Commerce officials did not respond to Reuters’ questions about the letter, and the Democrats also called for coordination with allies and a more balanced tariff strategy.