US pushes G20 to reconsider trade stance on China amid imbalance concerns

U.S. Treasury Secretary Scott Bessent said on Sunday that he will encourage Group of 20 members to re-examine their trade terms with China as a means to reduce global economic imbalances. Speaking in Asheville, North Carolina, Bessent suggested that tighter trade measures could help shift Beijing's economic model.

The Treasury chief indicated that G20 nations should collectively press China to rebalance its economy, steering it away from its traditional reliance on exports toward greater domestic consumption. Such a shift, Bessent implied, would help address the persistent trade imbalances that have characterised the global economy in recent years.

The comments reflect broader U.S. concerns about China's trade practices and economic structure. By framing the issue within the G20 context, Bessent appears to be seeking multilateral support for coordinated pressure on Beijing, rather than pursuing unilateral American action alone.

The remarks come as trade tensions between Washington and Beijing continue to shape global economic discussions. How G20 members respond to such proposals remains unclear, particularly given the diverse economic interests represented within the forum.