Critical Minerals at Centre of Global Economic Debate

Washington wants the G20 to press China toward more domestic consumption, while Europe argues that the United States and EU also need to correct their own imbalances. 1 September 2026 | CurrentPulse News Desk The United States used a G20 finance meeting to push for coordinated action on global trade and fiscal imbalances, with China at the centre of the dispute. The debate came as global bond markets sold off, energy-driven inflation concerns returned and governments faced renewed scrutiny over debt and deficits. US Treasury Secretary Scott Bessent urged G20 countries to reconsider their trade relationship with China and contemplate higher barriers to Chinese goods as leverage for Beijing to shift growth away from exports toward domestic consumption. The argument is that weak Chinese household demand and heavy industrial investment create excess production that is then pushed into global