G7 to confront China on trade imbalances with IMF data
U.S. Treasury Secretary Scott Bessent says G7 leaders will use IMF data to challenge China on trade. He also urged allies to tighten sanctions against Iran.
Xurve View
Insights:
Xurve View
United States Treasury Secretary Scott Bessent told Reuters the G7 will use IMF data to confront China over its export surplus. The move follows Bessent's previous warnings that Western allies face a surge of Chinese electric vehicles as the U.S. raises tariff barriers. Bessent said G7 finance leaders are emphasizing International Monetary Fund data to highlight the impact of the Chinese export push.
