July 18, 2025 12:13 PM
US eyes ‘back to basics’ revamp of G20 when it assumes presidency next year
The United States aims to pare the Group of 20 major economies back to its financial roots next year when it takes over the rotating presidency from South Africa, sources familiar with the Trump administration's plans said. Washington has scaled back its participation this year, with Treasury Secretary Scott Bessent skipping a G20 finance chiefs' meeting that started in Durban, South Africa, on Thursday, his second absence from an event this year. Experts and administration sources say the abs...


