Treasury Secretary Scott Bessent said Tuesday that 19 of the members of the G20 had agreed to address streams of “cheap exports” that cause global economic imbalances, but said China had dissented. Bessent made his comments at the end of a two-day meeting with finance ministers and

Treasury Secretary Scott Bessent says he’s urging his G20 counterparts to take a page from the Trump administration’s playbook of using tariffs to crack down on trade imbalances.

Treasury Secretary Scott Bessent said almost all G20 members agreed to address the issue of cheap exports flooding the global market and causing trade imbalances – except for China.

Scott Bessent exposes China as sole nation resisting the global plan to block cheap exports - Treasury Secretary Scott Bessent said Tuesday that 19 of the members of the G20 had agreed to address stre

The G20 meetings are taking place in Asheville, which was devastated by Hurricane Helene in September 2024. The natural disaster killed more than 250 people and caused nearly $80 billion in damage from Florida to the Carolinas. Bessent said Asheville — which rebuilt after the storm — was a symbolic backdrop for discussions about economic growth.

Inflation expectations are flat-to-down,” Bessent said during an interview on Tuesday at the G20 meeting here with former Trump adviser and Fox Business host Larry Kudlow. “This is a growth story. Growth,

As has become a regular practice since the G20 differed over Russia’s 2022 invasion of Ukraine, there was — instead of the once-traditional communiques — a statement in the voice of the chair

Bessent is leading the Trump administration's plan to choke off Iran's economy by threatening its business partners with secondary sanctions.

Treasury Secretary Scott Bessent called on global leaders to spur growth by cutting red tape, offering the Trump administration's deregulatory push as a blueprint.

Treasury Secretary Scott Bessent will be trying to reassure his foreign counterparts that the U.S. can manage its massive debt without risking the global financial system.

Treasury Secretary Scott Bessent ruled out any economic relief for Moscow or any development in relations while the war continues.