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.

Bessent says 19 finance ministers agreed 'cheap exports' are unsustainable, but China dissented

TL;DR

  • 19 G20 members agreed to address "cheap exports."
  • These exports cause global economic imbalances.
  • China dissented from the agreement.