G20 finance chiefs — except China — back action on distorted trade
China's massive export push has pressured economies across the globe, especially as the U.S. has imposed high tariffs on Chinese goods.
On Tuesday, G20 finance ministers, with the exception of China, agreed to take action against unfair trade practices and policies that distort markets, according to the Trump administration. The ministers' meeting primarily centered on the Chinese economy, while a separate industry and commerce ministers' gathering in parallel discussed a more hands-off approach to regulating artificial intelligence.
U.S. Treasury Secretary Scott Bessent expressed confidence in his warnings to trading partners last year, stating that increased U.S. tariffs would result in a surge of Chinese goods flooding into their markets.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
