Scott Bessent to push G20 nations to review trade relations with China
US Treasury Secretary Scott Bessent announced plans to push G20 member states to reconsider their trade agreements with China in an effort to address global economic disparities. Bessent noted that China's economy is currently struggling, leading the nation to rely on exports to recover, which he argues necessitates a structural rebalancing. He emphasized that the global community cannot sustain a situation where China maintains a trade surplus of $1.2 trillion.
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