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 U.S. "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.