business
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G20 Finance Ministers Address 'Cheap Exports,' China Dissents
09/25/2026 · Ohio edition
Why it matters locally: Ohio, with its diverse manufacturing sector, could see indirect effects from international efforts to address global economic imbalances and 'cheap exports,' particularly concerning trade practices that impact domestic production and competitiveness.
Treasury Secretary Scott Bessent announced Tuesday that 19 finance ministers from the Group of 20 (G20) nations have agreed to address global economic imbalances. Bessent stated these imbalances result from streams of "cheap exports." China, a member of the G20, did not join the consensus reached by the other 19 nations.
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