Bessent says 19 finance ministers agreed 'cheap exports' are unsustainable, but China dissented
Treasury Secretary Scott Bessent said Tuesday that 19 of the members of the G20 agreed to address streams of "cheap exports" that cause global economic imbalances, but China dissented.
Treasury Secretary Scott Bessent announced that 19 G20 members have agreed to address economic imbalances caused by “cheap exports.” China was the sole dissenter in this agreement. The move aims to curb trade practices that disrupt global markets.
- 19 G20 members agreed to address “cheap exports.”
- These exports cause global economic imbalances.
- China dissented from the agreement.
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