Washington — The Trump administration is convening the Group of 20 finance ministers and central bank governors in Asheville, North Carolina, on Monday and Tuesday. Treasury Secretary Scott Bessent will host the two‑day meeting, aiming to secure agreements that spur economic growth, reduce global trade imbalances, and tighten pressure on Iran.

Growth, productivity and American workers

According to a senior Treasury official, the administration’s agenda centers on ensuring that economies compete on the basis of productivity, innovation and investment rather than on “excess production and excess capacity” that floods global markets. The official said the United States has tightened trade barriers, prompting what they described as “tremendous amounts of dumping” on other G20 economies.

Supply‑chain resilience and private‑sector innovation

The discussions will highlight resilient supply chains for critical resources, especially energy, and will invite business leaders to address barriers to investment, innovation and regulatory reform. The goal is to support private‑sector innovators who drive productivity growth.

Iran sanctions remain a top priority

Following a Treasury warning that countries could face secondary U.S. sanctions for maintaining business ties with Iran, Bessent is expected to make a “strong statement” that adherence to the sanctions regime is essential for continued participation in the dollar‑based financial system. The official said this issue will be raised in every bilateral meeting with G20 counterparts.

U.S. debt and bond yields

When asked about rising U.S. debt and bond yields, the official noted that yields have been elevated since the U.S.–Israeli attacks on Iran in February, but expect them to fall as inflation cools. The Treasury is focused on lowering longer‑maturity yields, as reflected in recent increases to 10‑ to 30‑year Treasury buyback sizes.

The Asheville meeting underscores the Trump administration’s commitment to advancing American economic interests on the world stage while safeguarding national security through robust sanctions enforcement.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.