Treasury Secretary Scott Bessent accused China for flooding the world with its cheap exports.
Page F3From§Eachthe sunrise edition — 2 September 2026
China floods world with cheap exports as Xi tours Egypt, G20 accuses China, U.S. allies push back on Trump economics
As it ran on the front
Today’s receipts show the global marketplace running at full tilt: China’s cheap exports flood the world, Xi visits Egypt to cement new relationships, and the G20 provides the venue for an international airing of grievances. The U.S. allies push back on Trump’s economic approach, but the price war continues uninterrupted.
The ledger is clear: China produces, ships, and sells at scale, leaving the rest of the world to react. The accusations at the G20 are precise—flooding the market, manipulating trade, leveraging power. The U.S. bickers about its own rules while China’s outreach in Egypt is just another handshake in a parade of deals. The result is a global economy shaped by price, not policy.…
…(cont) The stakes are measured in dollars, jobs, and trade balances. The receipts reconcile the gap: the world’s leaders gather to name the problem, but the solution is still a long way off. Cheap goods keep flowing, and the price war is the parade that never ends. Hon, the numbers do not lie.
“China dumps cheap goods, Xi shakes hands in Egypt, and the G20 points fingers while the U.S. bickers about its own trade rules. That's not global leadership, it's a price war with a parade.”
“Global markets thrive on competition. China’s exports are a boon for consumers, and diplomatic outreach is just good business. Sure, the G20 voices concerns, but that’s part of the dialogue—did I say 'dialogue'? I meant 'agreement.' Anyway, the pushback is just healthy skepticism.”
The receipts
At a summit meant to showcase President Trump’s economic policies as a model for the world, Europeans complained about tariffs and the war with Iran.
China, the United States’ top global rival, is cultivating an extensive relationship with one of America’s key allies.
This page is a back-issue: the story as it ran, receipts as they were. The current edition is at the front.