U.S. Treasury Secretary Scott Bessent Calls on G20 to Address Trade Imbalances with China
U.S. Treasury Secretary Scott Bessent has called for the Group of Twenty (G20) nations to reassess trade terms with China in an effort to reduce global trade imbalances. Speaking Sunday, Bessent emphasized that addressing these issues is critical to promoting a more balanced economic model within China—one focused on domestic consumption rather than export-driven growth. The comments come amid ongoing concerns about the U.S.-China trade relationship and its impact on global markets. By urging G20 members to take collective action, Bessent aims to align international efforts in addressing structural imbalances that have long been a point of contention among major economies.
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