Bessent discusses response to China's $1.2T trade surplus at G20

1. 1U.S. Treasury Secretary Scott Bessent meets with G20 finance ministers and central bank governors today in Asheville.
2. 2Agenda items include correcting China's $1.2 trillion trade surplus, reviewing trade relations, and deepening economic isolation of Iran.
3. 3The Trump administration is preparing a 7.5% tariff on Chinese goods to counter overcapacity, bringing tariffs on China back to roughly 20%.

Source Bloomberg +2 · View original ↗

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