Bissent to ask G20 to review China trade ties

The United States plans to exert economic pressure on China by reviewing trade terms with Beijing, aiming to reduce its trade surplus of $1.2 trillion and to stimulate domestic demand and investment in the internal economy. The U.S. Treasury Secretary also announced the imposition of secondary sanctions on Iran, including targeting banks, in an effort to isolate the Iranian regime from the dollar-based financial system. These statements come ahead of the upcoming G20 summit in Asheville, amid growing tensions in the global economy caused by trade disputes and the war in Iran, with the goal of reducing dependence on Chinese exports and achieving international financial stability.

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