The four-day summit of the G20 finance ministers in Asheville, N.C. closed on a tense note due to China's repudiation of assertions that its export strategy deluges other markets in low-value goods.

The Treasury Secretary says policies aimed at boosting private-sector growth should be more broadly embraced by G20 nations.

Treasury Secretary Scott Bessent said almost all G20 members agreed to address the issue of cheap exports flooding the global market and causing trade imbalances – except for China.

Treasury Secretary Scott Bessent called on global leaders to spur growth by cutting red tape, offering the Trump administration's deregulatory push as a blueprint.

ASHEVILLE, N.C. (AP) — 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.

U.S. Treasury Secretary Scott Bessent gave closing remarks at the G20 summit, saying that representatives there discussed trade imbalances, artificial intelligence and sovereign debt.

Inflation expectations are flat-to-down,” Bessent said during an interview on Tuesday at the G20 meeting here with former Trump adviser and Fox Business host Larry Kudlow. “This is a growth story. Growth,

This is CNBC's live blog of the U.S. G20 finance ministerial in Asheville, North Carolina. Please check back for updates.