According to CNBC, a handful of Group of 20 trade ministers rejected U.S. calls to curb excess industrial capacity and non-market policies, according to the U.S. Trade Representative's office, exposing divisions among major economies. The U.S. said only Mexico and Argentina signed a U.S.-led statement calling for more cooperation to eliminate goods produced with forced labor from supply chains, while the Trump administration has imposed tariffs of 10% or 12.5% on goods from 59 countries and the European Union over forced-labor enforcement concerns. The USTR is also conducting a second Section 301 tariff investigation into 16 trading partners that show signs of excess industrial capacity, a probe widely expected to lead to new duties in coming months.

The U.S. said G20 trade ministers reached consensus on denouncing the weaponization of food trade, defining it as measures to slow, stop, block or direct the flow of food and agricultural inputs to exert coercive pressure for unrelated geopolitical concessions. Separately, after pressure from U.S. President Donald Trump that included the threat of a U.S. diesel export ban, Group of Seven countries agreed on Friday to release about 100 million barrels of diesel reserves to try to lower record-high U.S. diesel prices.