Bessent said in an interview ahead of a G20 finance leaders meeting that the current flood of exports from China was unsustainable, even though the US direct trade position with China was "rapidly improving."

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

U.S. Treasury Secretary Scott Bessent testifies during a Senate Committee on Finance hearing in the Dirksen Senate Office Building on Capitol Hill on June 03, 2026 in Washington,…