US urges G20 to cut trade imbalances, focus on China

US Treasury Secretary Bessent urges other G20 countries to do more to protect their economies from Chinese imports.Published On 1 Sep 20261 Sep 2026United States Treasury Secretary Scott Bessent is urging some of his G20 counterparts to take a page from the Trump administration’s playbook of using tariffs and other measures to crack down on trade imbalances.The administration of US President Donald Trump urged other G20 countries on Tuesday to do more to protect their domestic industries and job markets from Chinese imports, arguing that such distortions were “sucking” much-needed growth out of the global economy.Recommended Stories list of 4 itemslist 1 of 4China’s Xi makes first visit to Egypt in a decade, amid regional turmoillist 2 of 4John Ternus succeeds Tim Cook as Apple CEO after 15 yearslist 3 of 4Israel’s multiple wars see finance, defence ministries clash over spendinglist 4 of 4US energy secretary will travel to Venezuela to unveil oil arrangementend of listThe two-day meeting of finance chiefs in Asheville, North Carolina, came amid a global bond market selloff on worries over growing debt levels and inflation pressures.Bessent said he had already warned other trading ...