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America calls on G20 to lower trade gaps
The Trump administration urged G20 countries to intensify their efforts to protect their industries and labor markets from Chinese imports, as trade imbalances caused by Chinese exports are undermining global economic growth. The American Treasury Secretary emphasized that Chinese policies, including export support and financial subsidies, are exerting pressure on other economies, particularly Europe, with China's exports rising by 23.9% in July. Officials called for more decisive actions against Chinese trade practices, which are considered unfair and detrimental to the labor market and global growth.
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