U.S. Treasury Secretary Scott Bessent, speaking after the G20 Finance Ministers and Central Bank Governors Meeting hosted by the U.S. in Asheville, North Carolina, targeted China over global trade imbalances. Bessent also announced that new sanctions against Iran are on the way, and emphasized that the war in Ukraine must end before economic relations with Russia can be normalized.
US Treasury Secretary Bessent, following the G20 meeting, accused China of trade imbalances, stated that new sanctions would be imposed on Iran, and that normalization with Russia depended on the end of the war in Ukraine.