Asheville, North Carolina – The Trump administration won backing from all Group of 20 financial leaders except China’s on Tuesday to act against “non-market” policies and distortions that cause over-reliance on exports and hinder growth elsewhere.
The finance ministers’ meeting clearly focused on China, while Washington used a parallel G20 gathering of industry titans and commerce ministers to make the case for a hands-off approach to AI regulation.
U.S. Treasury Secretary Scott Bessent said ?he had been proven right when he warned other trading partners last year that tougher U.S. tariffs would lead to an influx of Chinese goods diverted to their markets.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.