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Trade war

International steel conference canceled under trade tensions

Efforts to reduce excess output derailed as US spars with EU and China

A Chinese steel furnace in Dalian. Multilateral talks to discuss overcapacity have broken down after the U.S. placed tariffs on its trading partners.   © Reuters

TOKYO -- Talks on reducing excess steel output worldwide have been canceled as intensifying trade tensions among the U.S. and other countries have left little room for cooperation.

A ministerial meeting of the 33-member Global Forum on Excess Steel Capacity was scheduled on Wednesday in Paris. Argentina, which chairs the gathering, informed the participants of the cancellation by Monday.

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