Treasury Secretary Scott Bessent says 19 of the members of the G20 agreed to address streams of “cheap exports” that cause global economic imbalances, but China dissented. Bessent says getting even 19 countries to agree to take on the problem…
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Bessent says 19 finance ministers agreed 'cheap exports' are unsustainable, but China dissented
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Bessent: China not among countries agreeing 'cheap exports' are unsustainable
U.S. Treasury Secretary Scott Bessent urged the G20 to reevaluate trade terms with China to curb its $1.2 trillion export surplus and push Beijing toward domestic consumption, arguing that current export-driven growth strains the global economy.
Treasury Secretary Scott Bessent said Sunday he plans on encouraging leaders from Group of 20 (G20) countries to re-examine their trading relationships with China. "The world cannot have a China with a $1.2 trillion trade surplus," Bessent told Reuters.
Treasury Secretary Scott Bessent says 19 of the members of the G20 agreed to address streams of “cheap exports” that cause global economic imbalances, but China dissented. Bessent says getting even 19 countries to agree to take on the problem…
Treasury Secretary Scott Bessent said Tuesday that 19 of the members of the G20 agreed to address streams of "cheap exports" that cause global economic imbalances, but China dissented.
Treasury Secretary Scott Bessent said Tuesday that 19 of the members of the G20 had agreed to address streams of “cheap exports” that cause global economic imbalances, but said China had dissented. Bessent made his comments at the end of a two-day meeting with finance ministers and central bankers w…
Treasury Secretary Scott Bessent called out China on Tuesday for not wanting to address certain trade issues at the Group of 20 (G20) conference, saying the country did not agree cheap exports are “unsustainable.” At the end of the summit in Asheville, N.C.
Treasury Secretary Scott Bessent says 19 of the 20 G20 members agreed that a flood of artificially cheap exports from non-market economies is unsustainable.
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