A brake on China?: Argentina signed an agreement with the US and other countries to tackle “overproduction” globally

The Argentine government has joined a coalition of 15 nations in signing a joint declaration aimed at addressing global industrial overcapacity. The agreement expresses concern over structural excess production in manufacturing sectors, attributing the phenomenon to state-led policies that distort international markets. While the text of the declaration does not explicitly name China, the context of the agreement is widely interpreted as a response to Chinese industrial practices.

Separately, in an unrelated development in Mexico, the Secretariat of the Navy, in coordination with federal security agencies, dismantled a clandestine drug laboratory in the municipality of Elota. Authorities successfully secured over 240 kilograms of chemical precursors during the operation in the town of Las Tinajas, marking another effort in the ongoing regional campaign against illicit narcotics production.