Bessent says G20 countries should also use tariffs to protect their industries from cheap imports

Treasury Secretary Scott Bessent says he’s urging some of his G20 counterparts to take a page from the Trump administration’s playbook of using tariffs and other measures to crack down on trade imbalances. Bessent told reporters that he had warned other nations at the beginning of President Donald Trump’s second term that the new US “tariff wall” would mean that Chinese goods would flood their markets. “And unfortunately, I was right,” Bessent told reporters on the sidelines of the G20 finance minister meetings. “The rest of the world probably needs to take a hard look at what they should be…