U.S. Treasury Secretary Scott Bessent says China prevents the Group of 20 from issuing a unanimous joint communique following this week’s meeting of finance and central bank officials. Bessent attributes the breakdown to a dispute tied to China’s large trade surplus, which he says stops agreement on the final text.
In comments following the meeting, Bessent also addresses related U.S. trade and financial relationships involving Japan and Canada. While Bloomberg reports focus on the communique dispute, they also note that Bessent uses the press conference to comment on broader issues in U.S. economic diplomacy beyond the G20 talks. The accounts provided do not include further detail on the exact language China objected to or how the other members react.
