1 day ago
Trump Administration Promotes Growth-First Agenda at G20 Summit
The United States presented its economic ideas at a G20 meeting.
The meeting took place in Asheville, North Carolina.
Treasury Secretary Scott Bessent said countries should reduce rules that limit business growth.
US officials also supported strong national economies and fair trade.
They argued that a stronger American economy could help support stability around the world.
The US delegation said a long period of weak economic growth was ending.
Some G20 countries were described as sharing the goal of removing barriers to growth.
Asheville was highlighted because it had recovered from Hurricane Helene.
US Treasury Secretary Scott Bessent opened the G20 Finance Ministers and Central Bank Governors meeting in Asheville, North Carolina.
The Trump Administration promoted deregulation, national economic growth and fair trade as foundations for global prosperity.
US officials said domestic economic strength is essential to maintaining global economic stability.
The delegation declared an end to what it called “secular stagnation.”
Asheville was described as a “comeback city” after recovering from Hurricane Helene.
- Who
- US Treasury Secretary Scott Bessent and the Trump Administration addressed G20 finance officials and central bank governors.
- What
- The US presented a pro-market agenda focused on deregulation, national growth and fair trade.
- Where
- Asheville, North Carolina.
- When
- At the G20 Finance Ministers and Central Bank Governors meeting; no specific date was provided.
- Why
- US officials argued that domestic economic strength, deregulation and fair trade would support lasting global prosperity and stability.
Key facts
- Meeting
- G20 Finance Ministers and Central Bank Governors meeting
- US representative
- Treasury Secretary Scott Bessent
- Location
- Asheville, North Carolina
- Policy priorities
- Deregulation, strong national growth and fair trade
- US position
- Domestic economic strength is an indispensable engine of global stability
- Economic assessment
- The US delegation declared an end to “secular stagnation”
- Local context
- Asheville was described as having recovered from Hurricane Helene
Sources
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