G20 Finance Ministers

Chinese Vice Minister of Finance Liao Min, center, listens during the Plenary Session of Current Economic Developments at the G20 Finance Ministerial in Asheville, N.C., Monday, Aug. 31, 2026.

Tags

As featured on

Bessent huddles with G20 to try to rally allies on Iran as tariffs strain ties

Bessent huddles with G20 to try to rally allies on Iran as tariffs strain ties

U.S. Treasury Secretary Scott Bessent wants to rally the world's largest economies this week at a summit in Asheville, North Carolina. The G20 finance ministers are meeting at a time when the U.S. has disrupted the international order with aggressive tariffs and an unpopular war on Iran. Bessent said he wants to focus on economic growth and debt issues. However, the tensions with Iran and tariff policies will be major topics. Bessent wants to enlist support to isolate Iran. He said Tehran's economy could collapse in “weeks or months” but said that could be avoided if Iran's leadership bends to the pressure.