US Treasury Secretary Scott Bessent will urge G20 members to re-examine trade terms with China. He aims to shrink global imbalances and press Beijing to rebalance its economy. The current flood of exports from China is deemed unsustainable by the US official. Bessent believes other countries must incentivize China to shift away from exports. A G20 joint statement on reducing trade imbalances is being pushed by the US.

The US Treasury plans to address global trade imbalances and boost economic growth. Secretary Bessent will urge major economies to cut remaining ties with Iran. He will also…

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…