U.S. Pushes G20 to Target China’s Export Reliance | Boise News

U.S. Treasury Secretary Scott Bessent is pushing global allies at the G20 to confront China’s export-driven economy, warning that while America’s trade deficit with China shrinks, China’s reliance on exports—driven by weak domestic demand—is unsustainable. With tariffs redirecting Chinese goods to Europe and Latin America, Bessent urges coordinated action to incentivize China to boost internal consumption rather than rely on subsidies and currency manipulation. He’s eyeing a joint G20 statement and plans to meet China’s central bank governor, while also hinting at potential tariff reductions on non-strategic goods ahead of Trump-Xi talks in September. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f2c021e1edd128c4