G20 Countries Should Consider More Trade Barriers on China to Cut Imbalances: Bessent

U.S. Treasury Secretary Scott Bessent has urged G20 countries to consider additional trade barriers on China as a way to address persistent global imbalances. The proposal could involve tariffs, investment restrictions, or coordinated measures aimed at reducing China’s export surplus and changing market practices. Beijing would likely oppose such steps, warning they could damage global trade. The comments add to ongoing tensions over industrial policy, supply chains, subsidies, and the future of economic relations between China and major economies worldwide.