G20 countries should consider more trade barriers with China to cut imbalances, Bessent says

U.S. Treasury Secretary Scott Bessent urges G20 countries to reevaluate trade terms with China to address global trade imbalances by encouraging China to shift from export-led growth to domestic consumption. The U.S. is pushing for a coordinated G20 statement on reducing trade and current account imbalances, following tariff policy changes under President Trump that lowered the U.S.-China trade deficit.