Trade tensions overshadow global economic summit

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HANGZHOU, China (AP) - European Union leaders called Sunday for China to take action on its bloated steel industry and defended an order to Ireland to collect taxes from Apple, highlighting the trade tensions looming over a global economic summit.

The Group of 20 meeting of leaders of the United States, China, Germany and other major economies "must urgently find a solution" to excess steel production, said Jean-Claude Juncker, president of the European Commission. He called on Beijing to accept a monitoring mechanism for overproduction that Beijing's trading partners blame for low prices and job losses.

Juncker also rejected U.S. criticism of the order for Ireland to collect $14.5 billion in back taxes from Apple. An EU panel ruled the company's low taxes were improper government aid.



 
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