US tariffs helped reduce the trade deficit with China, prompting G20 members to re-examine trade terms.
14 reports, 3 independent
Updated Sep 10
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What happened
US tariffs helped reduce the trade deficit with China, prompting G20 members to re-examine trade terms.
How it developed
Newest first. Tap a step to see who reported it.Bessent used the G20 meeting to target China over trade imbalance, supported by World Bank data.1 source
US tariffs are cited as helping reduce the trade deficit with China, leading to 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.
- G20 members expressed disagreements regarding trade imbalances and economic models during a recent meeting.