Scott Bessent criticized China's trade surplus during G20 discussions.
2 reports, 2 independent
Updated Sep 2
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What happened
Scott Bessent criticized China's trade surplus during G20 discussions.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.China's refusal to endorse the G20 communiqué and subsidized exports influence the Asheville meeting.1 source
Bessent criticized China's trade surplus during G20 discussions.1 source
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Part of
G20 members are pressuring the bloc to address China's trade surplus and re-examine trade terms with Beijing ahead of a future summit.Also in this story
- Global tariff measures target Chinese goods as G20 discussions address external surpluses and China's trade isolation.
- Trade disputes led to tit-for-tat tariffs and a truce was agreed on the sidelines of the G20 summit.
- G20 leaders met in Hangzhou on September 3rd for the summit, leading to formal commitments regarding global issues including the Paris Agreement.
The entities involved
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G20
group of finance ministers and central bank governors
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Scott Bessent
United States Secretary of the Treasury
Related events
- G20 members, led by Scott Bessent, challenged China's economic model during the finance ministers' meeting in Asheville.
- G20 meeting in Asheville sees China dissent on cheap exports amid US threats to Canadian industries.
- Barclays expects back-to-back Fed hikes while G20 leaders press for action against China's trade surplus.
- Scott Bessent urged G20 leaders to push for economic growth during recent meetings.
- Scott Bessent criticized a dissenting member during G20 discussions.