At the G20 finance chiefs' meeting in Asheville, North Carolina, US Treasury Secretary Scott Bessent pressed other nations to follow the Trump administration's approach of using tariffs to address trade imbalances, particularly with China. Bessent warned that US tariffs on Chinese goods have led to an influx of these products being diverted to other markets, urging countries to protect their citizens' jobs. He criticized non-market economies for "sucking growth" from the global economy, referencing China's massive export push in electric vehicles, semiconductors, and other goods, which rose 23.9% year-on-year in July.