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September 1, 2026
Treasury Secretary Bessent Confirms China Dissent on G20 Agreement Regarding Cheap Exports
- Treasury Secretary Scott Bessent stated that 19 G20 finance ministers agreed on the unsustainability of cheap exports, with China as the only dissenter.
- The statement highlights concerns about non-market economies contributing to global economic imbalances, particularly China's significant trade surplus.
- Bessent emphasized the need for countries to address trade imbalances and hinted at the upcoming discussions between President Trump and President Xi Jinping.
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3 Sources
- Bessent says China dissented from G20 agreement on 'cheap exports'Sep 1, 2026 at 7:24 PM · AP
- G20, com exceção da China, apoia medidas para coibir distorções decorrentes de superávit comercialSep 1, 2026 at 10:43 PM · Reuters
- China dissented from G20 statement opposing 'cheap exports' flooding market, Bessent saysSep 1, 2026 at 11:33 PM · CNBC