Bessent Wants a Global Response to China's Export Boom, Tells G20 Countries to Reconsider Terms of Trade

Bessent argued that weakness in China's domestic economy has increased Beijing's reliance on exports, creating mounting pressure on other economies absorbing Chinese goods. (Credit: Getty Images)

U.S. Treasury Secretary Scott Bessent is urging the world's largest economies to reconsider their trade relationships with China, arguing that Beijing's large export surplus has become unsustainable and may require additional trade barriers from countries beyond the United States.

Speaking to Reuters ahead of the meeting of G20 finance leaders in Asheville, North Carolina, Bessent said he plans to encourage member countries to examine their terms of trade with China as Washington pushes for a broader international effort to reduce global economic imbalances.