G20 Agrees on Solution to Trade Imbalances Without China

02.09.2026 12:25 HotInfo

Financial representatives of G20 countries agreed after two-day talks in Asheville in the American state of North Carolina on resolving global trade imbalances. According to available information, only China opposed the joint position. irozhlas.cz ↗

American Finance Minister Scott Bessent called on member states before the meeting to reconsider the conditions of trade with China. He described the current volume of Chinese exports as unsustainable and opened a discussion about new trade barriers or restrictions. The goal is to reduce global trade imbalances and level the playing field in international trade. hnonline.sk ↗

New developments show that the majority of G20 countries supported the American initiative. The agreement focuses on excessive dependence of some economies on exports of cheap goods and on excessive trade surpluses. China remained isolated during the talks, as it alone did not support the joint approach. teraz.sk ↗

After the talks, Bessent stated that the period of settling for average growth has ended. The issue of trade relations with China thus shifted from a preliminary American appeal to a broader discussion within the group of the world's largest economies. aktuality.sk ↗

Further developments will depend on what specific measures individual countries prepare. If the political agreement translates into trade policy, China may face stronger pressure to adjust its export model and global goods flows may gradually change.

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