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China-US spat at G20 largely came down to dispute over one word
A G20 finance meeting saw US and Chinese officials disagree over trade language. The core dispute centered on the phrase "non-market" policies and practices. China viewed this term as an attack on its state-owned companies. This disagreement prevented the group from issuing a joint communique. The impasse highlights ongoing trade tensions between the two economic giants.
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channelnewsasia.com
US urges G20 to cut trade imbalances, focus on China
The US presses G20 countries to confront trade gaps with China, but divisions over subsidies, rare earth curbs and Russia cloud a joint communique.
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economictimes.indiatimes.com
Bessent says 19 finance ministers agreed 'cheap exports' are unsustainable, but China dissented
Treasury Secretary Scott Bessent stated nineteen G20 members agreed to address cheap exports. China dissented from this agreement, which aims to curb global economic imbalances.…
