Bessent on China's G20 Dissent, Japan, and Canada Spat

Scott Bessent said China blocked the G20 from issuing a joint communique, citing a dispute tied to China’s large trade surplus. The remarks raise renewed uncertainty around US–China trade negotiations and spill over into broader US trade and financial relations with Japan and Canada. While no specific policy action was quantified, the diplomatically driven friction is likely to be a meaningful risk factor for trade-sensitive markets.