US Treasury Secretary Scott Bessent directly addressed China’s substantial global trade surplus at the G20 Finance Ministers’ meeting. He voiced concerns regarding “excessive imbalances” that he believes hinder global economic prosperity. This move comes as both nations prepare for a high-stakes bilateral summit between President Xi Jinping and President Donald Trump in Washington. The US, currently holding the G20 presidency for 2026, is signalling its intention to prioritize addressing these economic disparities. Bessent’s remarks suggest a firm stance on trade issues ahead of the Xi-Trump meeting, indicating potential for tense negotiations. The US aims to push for fairer trade practices and a reduction in the trade imbalance with China during upcoming talks. This sets the stage for critical discussions regarding the global economic landscape.