U.S. Treasury Secretary to Address Trade Imbalances at G7 Meeting

According to BlockBeats, a spokesperson for the U.S. Treasury Department announced that Treasury Secretary Besant will attend the G7 finance leaders' meeting in Canada this Tuesday. The focus will be on addressing trade imbalances and non-market economic practices. Besant plans to discuss strategies for achieving growth driven by the private sector with other officials. Additionally, Besant has pledged to 're-privatize' the U.S. economy by reducing government spending and regulation, expressing concerns over the economy's reliance on the public sector for growth. In April, Besant had initial face-to-face discussions with G7 finance leaders during the International Monetary Fund and World Bank meetings, although no joint statement was issued.