Paris ¨C Finance ministers from the Group of 7 leading industrialized nations?agreed on Tuesday on the need for action to tackle trade imbalances in a fragmented global economy, saying the current situation was unsustainable, with U.S. Treasury Secretary Scott Bessent arguing for more protections against a flood of cheap Chinese imports.
The finance ministers and G7 central bank governors met in Paris for a second day to discuss the economic fallout from the Iran war and volatility on ?global bond markets but were light on concrete measures.
They agreed on the need to re-open the Strait of Hormuz and support Ukraine, but some splits between ?the United ?States and the others on key issues to do with Iran and Russia persisted.
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