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Photo by Allison Joyce/AFP via Getty ImagesUnited States Treasury Secretary Scott Bessent said he plans to ask Group of 20 members to review their terms of trade with China, Reuters reported, underscoring lingering tensions before the leaders of the world’s two biggest economies meet next month.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an Accountor“The world cannot have a China with a US$1.2 ⁠trillion trade surplus,” Bessent told the news agency Sunday. “The rest of the world is going to have ​to examine ​their terms of trade with China.”Chinese policymakers are trying to “export their way” out of a growth slowdown and other countries need to press them to strengthen domestic demand instead of relying on foreign shipments, he added before G20 finance officials gather in Asheville, North Carolina, on Monday.SUBSCRIBER EXCLUSIVE: FP West: Energy Insider brings you behind the oilpatch’s closed doors with exclusive insights from insiders every Wednesday morning.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of FP West: Energy Insider will soon be in your inbox.We encountered an issue signing you up. Please try againThe comments come as Washington and Beijing prepare for a summit between President Donald Trump and his Chinese counterpart Xi Jinping. The two sides are maintaining a fragile tariff truce that’s set to expire in November unless extended.Bloomberg News reported last week that the U.S. is poised to impose a 7.5 per cent tariff on Chinese goods over allegations of excess manufacturing capacity before the sitdown in Washington.That would restore Trump’s second-term duties on China to around 20 per cent, a level Beijing has said is consistent with the truce.The G20 meeting comes while the war in Iran disrupts global energy markets and just after a bruising trade fight between the U.S. and Canada. German Finance Minister Lars Klingbeil said he plans to advocate for ending economically damaging conflicts during the talks.Chinese Foreign Ministry spokesman Guo Jiakun said on Monday that any differences with the US should be resolved through dialogue.“China-U.S. economic and trade ties are mutually beneficial in nature,” Guo said at a regular briefing in Beijing. “China never seeks a trade surplus and opposes unilateral tariff measures in all forms.”—With assistance from Philip Glamann. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.