G20 Finance Ministers Discuss Global Economic Imbalances Following US Treasury Secretary's Warning

U.S. Treasury Secretary Scott Bessent cautioned G20 economies about the negative impacts of persistent global economic imbalances, attributing them to subsidies, restricted market access, and excessive reliance on exports. He highlighted that these issues harm workers, reduce supply chain resilience, and generate economic tensions. China reportedly disagreed with key sections of the G20 statement concerning these imbalances and disruptions in energy and trade.