G7 finance ministers agreed on Tuesday on the need for action to tackle trade imbalances in a fragmented global economy, calling the situation unsustainable.
U.S. Treasury Secretary Scott Bessent argued for more protections against a flood of cheap Chinese imports.
The ministers discussed the economic fallout from the Iran war and volatility on global bond markets but were light on concrete measures.
Bessent warned European counterparts that they needed trade protections against Chinese exports damaging their economies.
