ASHEVILLE, North Carolina: US Treasury Secretary Scott Bessent told Reuters on Sunday that he will encourage G20 member countries to re-examine their terms of trade with China as part of efforts to shrink global imbalances and press Beijing to rebalance its economy away from exports toward more domestic consumption.

The G20 should pair tariffs and sanctions with positive economic tools to diversify away from China without destabilizing economic growth.

US Treasury Secretary Scott Bessent will push G20 economies to reduce trade imbalances, boost growth and cut ties with Iran at meetings in North Carolina. The talks come amid…