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"I was looking forward to revealing a unanimous joint statement today," Mr. Bessent stated (as reported by CNBC). He stressed that the consensus of 19 other members "illustrates the magnitude of the issue."
China contested the assertion that "a non-market economy producing inexpensive exports continuously is not viable." The US Treasury Department noted that Beijing also rejected issues highlighting worries over shipping disruptions in the Strait of Hormuz and backing for IMF imbalance oversight.
"I think it is China that needs to take action on this matter. Let’s see how they move forward," Mr. Bessent stated.
source: cnbc.com
China contested the assertion that "a non-market economy producing inexpensive exports continuously is not viable." The US Treasury Department noted that Beijing also rejected issues highlighting worries over shipping disruptions in the Strait of Hormuz and backing for IMF imbalance oversight.
"I think it is China that needs to take action on this matter. Let’s see how they move forward," Mr. Bessent stated.
source: cnbc.com
