Bessent rallies G20 allies on Iran and China trade terms as tariffs strain ties

business trade policy

Treasury Secretary Scott Bessent is meeting with finance ministers of the world's largest economies this week in an effort to rally them.

Bessent intends to focus on a range of issues designed to draw uncontroversial support, including addressing mounting debt and promoting economic growth. He also plans to ask Group of 20 members to review their terms of trade with China, underscoring lingering tensions before the leaders of the world's two biggest economies meet.

These meetings occur as the United States has disrupted the international order through aggressive tariffs on major allies and an unpopular war on Iran. As a result, the Treasury Secretary is facing pushback on the Trump administration's trade policies at the global gathering.

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