The G20 Finance Ministers and Central Bank Governors Meeting in Asheville, North Carolina, concluded with participating countries excluding China endorsing a chair's statement calling for the elimination of non-market policies and practices that exacerbate trade imbalances. China objected to certain paragraphs and was the sole dissenting participant. The statement also urged countries with excessive trade surpluses to reduce distortions caused by export dependence and avoid unnecessary export restrictions. U.S. Treasury Secretary Scott Bessent said subsidies and other policies supporting domestic industries and expanding trade surpluses had damaged many economies. Japan's Finance Minister Satsuki Katayama separately called for the withdrawal of arbitrary restrictions on critical minerals. The meeting also exposed divisions over whether to issue a joint communiqué, with U.S. Treasury Undersecretary for International Affairs Jay Shambaugh saying Washington would accept a chair's statement if the communiqué did not reflect U.S. interests and America First priorities. Bank of Japan Governor Kazuo Ueda discussed economic conditions amid turmoil in the Middle East, while Katayama presented Japan's planned food and beverage consumption-tax reduction and income-linked benefit system. The statement's direction on correcting imbalances will now be assessed through countries' concrete policies, with prolonged disputes raising concerns about trade fragmentation and critical-mineral supply chains.