Bessent to G20 finance leaders: Get tougher on China

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Today's Top Stories - August 31, 2026

Today's Top Stories - August 31, 2026

Treasury Secretary Scott Bessent said Sunday he plans on encouraging leaders from Group of 20 (G20) countries to re-examine their trading relationships with China.

“The world cannot have a China with a $1.2 trillion trade surplus,” Bessent told Reuters. “In China, ​the economy is quite weak, and they are trying to export their way out of it, and they need to rebalance their economy.”

The Treasury secretary added, “The rest of the world is going to have to examine their terms of trade with China.”

Bessent will host G20 finance ministers on Monday and Tuesday in Asheville, N.C. The U.S. will host the G20 leaders’ summit this December in Miami.

The Treasury Department last week ramped up its........

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