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BUSINESS
U.S. Treasury chief Bessent is rallying G20 allies on Iran as tariffs strain ties
Treasury Secretary Scott Bessent is meeting with finance ministers of the world’s largest economies this week at a time when the United States has disrupted the international order with aggressive tariffs on major allies and an unpopular war on Iran that is keeping gas prices high for consumers. As Bessent opened meetings of the Group of 20 finance…
GlobeSignal-AImedium certainty
- Why it matters
- Bessent is attempting to maintain financial cooperation between the U.S. and its largest trading partners while U.S. tariff and Iran policies have created friction in those relationships.
- Most affected
- U.S. consumers — Exposed to elevated gas prices as Iran tensions persist.
Finance ministers of G20 economies — Face pressure to coordinate on financial policy amid U.S. trade and foreign policy actions. - Likely next
- Whether G20 finance ministers agree on joint statements or coordinated positions on trade and Iran policy following Bessent's meetings.
Also reported by: The Mainichi, KPRC 2, Local 4 Detroit, KSAT 12, The Washington Times, PBS NewsHour
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