Scott Bessent hosted a G20 meeting where he directly accused China of flooding global markets with inexpensive exports. This accusation highlighted concerns over distorted trade practices impacting international commerce.
During the meeting, Bessent stated that 19 finance ministers from G20 nations agreed that these "cheap exports" are unsustainable and require action. However, China notably dissented from this consensus, refusing to back the statement opposing such trade practices.
Separately, the United States has conducted military strikes against targets in Iran. This marks the second time U.S. forces have struck Iran within a three-day period. This is a developing story and will be updated as details emerge.
