https://www.live-feeds.com/feed/g20-countries-should-consider-more-trade-barriers-on-china-to-cut-imbalances-bessent-saysContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/g20-countries-should-consider-more-trade-barriers-on-china-to-cut-imbalances-bessent-sayshttps://www.live-feeds.com/feed/g20-countries-should-consider-more-trade-barriers-on-china-to-cut-imbalances-bessent-says#u58392Sat, 05 Sep 2026 19:21:18 +0000China blocked a G20 joint statement in Asheville, North Carolina, after 19 other member nations backed a crackdown on low-cost exports from non-market economies. US Treasury Secretary Scott Bessent urged finance chiefs to implement more trade barriers to address China's $1.2 trillion trade surplus and distorted trade terms. While the disagreement prevented a final communique, both nations agreed on maintaining an open Strait of Hormuz. Bessent stated, "Unfortunately, I was right," regarding the need to confront the stream of cheap exports inundating global markets.Why it matters https://www.live-feeds.com/feed/g20-countries-should-consider-more-trade-barriers-on-china-to-cut-imbalances-bessent-sayshttps://www.live-feeds.com/feed/g20-countries-should-consider-more-trade-barriers-on-china-to-cut-imbalances-bessent-says#u55874Thu, 03 Sep 2026 16:41:21 +0000China blocked a Group of 20 joint statement during a meeting in Asheville, North Carolina, after objecting to US efforts to address global economic imbalances and its $1.2 trillion trade surplus. US Treasury Secretary Bessent pushed G20 finance chiefs to consider additional trade barriers and rethink trade terms to confront the surplus. While all other G20 financial leaders backed action on distorted trade, the disagreement prevented the release of a final communique. Both nations did agree on the importance of keeping the Strait of Hormuz open.Why it mattersThe dispute highlights ongoing fric https://www.live-feeds.com/feed/g20-countries-should-consider-more-trade-barriers-on-china-to-cut-imbalances-bessent-sayshttps://www.live-feeds.com/feed/g20-countries-should-consider-more-trade-barriers-on-china-to-cut-imbalances-bessent-says#u53295Tue, 01 Sep 2026 00:01:45 +0000Bessent is pressing G20 nations to rethink trade terms and consider additional trade barriers to reduce economic imbalances with China. This push centers on confronting a $1.2 trillion trade surplus. While Bessent advocates for these measures, an expert cited by Global Times characterizes the effort as political mobilization rather than an economic diagnosis. Separately, Bessent has declined to provide advice to the Bank of Japan regarding whether the institution should implement back-to-back rate increases.Why it mattersThe G20 represents the world's largest economies and serves as a pri