Business · World News Bureau
US calls on G20 to address trade imbalances amid China concerns
The US Treasury Secretary has urged G20 member nations to strengthen protections against Chinese imports as part of broader efforts to reduce global trade imbalances. The appeal underscores ongoing tensions over economic competition within the world's largest economies.
LSN World News ·
US Treasury Secretary Bessent has pressed fellow G20 nations to take greater measures to shield their economies from Chinese imports, framing the issue as central to addressing wider trade disparities among the group's members.
The appeal reflects Washington's longstanding concerns about trade practices emanating from Beijing and signals the Trump administration's intent to make economic competition a key focus of international financial discussions.
Bessent's remarks highlight deepening divisions within the G20 over how to manage global commerce in an era of rising protectionism. The US has consistently argued that other developed and developing economies must do more to counter what it characterizes as unfair trade practices, particularly in manufacturing sectors where Chinese competition has intensified.
The Treasury Secretary's intervention at the G20 forum suggests the administration plans to leverage multilateral platforms to build consensus around its trade agenda, though consensus among the group's diverse membership remains elusive on many economic policy questions.