https://www.live-feeds.com/feed/g20-countries-should-consider-more-trade-barriers-with-china-to-cut-imbalances-bessent-saysContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/g20-countries-should-consider-more-trade-barriers-with-china-to-cut-imbalances-bessent-sayshttps://www.live-feeds.com/feed/g20-countries-should-consider-more-trade-barriers-with-china-to-cut-imbalances-bessent-says#u55567Thu, 03 Sep 2026 11:15:24 +0000Treasury Secretary Scott Bessent reports that China prevented a G20 joint communique after 19 other members agreed that cheap exports causing global economic imbalances are unsustainable. During meetings in Asheville, Bessent urged G20 nations to target China's $1.2 trillion trade surplus. While the US and China agree on keeping the Strait of Hormuz open, China dissented from the statement opposing the flooding of markets with cheap exports. Bessent is also leading an administration plan to use secondary sanctions to restrict Iran's economy.Why it mattersThe US is seeking a unified i https://www.live-feeds.com/feed/g20-countries-should-consider-more-trade-barriers-with-china-to-cut-imbalances-bessent-sayshttps://www.live-feeds.com/feed/g20-countries-should-consider-more-trade-barriers-with-china-to-cut-imbalances-bessent-says#u53853Tue, 01 Sep 2026 10:41:30 +0000Treasury Secretary Bessent is pressing G20 nations to adopt more trade barriers and reassess trade terms with China to reduce global imbalances. Bessent specifically highlighted China's $1.2 trillion trade surplus as an unsustainable figure that the world cannot maintain. He called for the creation of a unified wall against China's export machine to force a rebalance. Separately, Bessent declined to provide advice to the Bank of Japan regarding the possibility of back-to-back interest rate increases.Why it mattersTrade imbalances between China and G20 economies often lead to diplomat