Daily Market Updates: China dissented from G20 statement on cheap exports

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China dissented from G20 statement on cheap exports

The dispute centers on how to respond to low-priced exports, with the U.S. also weighing secondary sanctions aimed at pressuring Iran’s business partners.

Reported · Written up by our desk · Trade & Tariffs

China dissented from a G20 statement focused on opposing what it described as cheap exports flooding markets, according to CNBC Markets.

In remarks, U.S. Treasury Secretary Scott Bessent said the administration is also pursuing secondary sanctions that threaten business partners with consequences if they continue dealing with Iran, the outlet reported.

CNBC World carried the same account, framing Bessent’s comments around the administration’s approach to curbing practices it views as economically destabilizing.

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Sources

CNBC MarketsChina dissented from G20 statement opposing 'cheap exports' flooding market, Bessent says

CNBC WorldChina dissented from G20 statement opposing 'cheap exports' flooding market, Bessent says

Global Markets

China dissented from G20 statement on cheap exports

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Sources

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