US Urges G20 to Curb Chinese Imports as China’s Exports Jump 23.9%
Updated
Updated · Al Jazeera English · Sep 1
US Urges G20 to Curb Chinese Imports as China’s Exports Jump 23.9%
3 articles · Updated · Al Jazeera English · Sep 1
Summary
Scott Bessent pressed G20 finance chiefs in Asheville to use tariffs and other defenses against Chinese imports, saying diverted goods are hitting other countries after tougher US barriers.
China’s export surge — up 23.9% in July from a year earlier — has intensified pressure on foreign industries as weak domestic demand pushes Beijing to rely more on shipments of EVs, semiconductors and other goods.
European officials broadly agreed China is a source of global imbalances, but Valdis Dombrovskis said the US and Europe also must help rebalance demand, while Germany warned US tariff disputes are deepening uncertainty.
A joint G20 communique on reducing imbalances remains uncertain, with China resisting calls to cut subsidies or reorient its economy and tensions still elevated after its 2025 rare-earth export curbs.