Bessent to skip the meeting of the G20 financial ministers in South Africa

Treasury Secretary Scott Bessent will jump in the meeting of 20 nations in Cape Town in the next week, the deepening of the central bankers, the deepening of the US and South Africa, the Trump administration is Anti-American.

It is very unusual for the decision to make such a major economic meeting, the Treasury Secretary, especially for someone who approved the post three weeks ago. All US trading partners are coming to the main time for the global economy that acts to apply tariffs. President Trump also looks for deeper economic relations with Russia and adapted to the position of an opponent in connection with the US Western allies.

Mr Bessent’s decision came after a similar meeting by the State Secretary of State Marco Rubio by the foreign ministers of the Foreign Ministers. Mr. Rubio said he would jump to the collection because he did not want to “bend the taxpayer’s money or anti-Americanism.”

Mr. Trump said he had seen a little significant value in multilateral meetings as Group 20, and he preferred to hold bilateral talks with other nations. This year, the topic of meetings, with views on the opinions of the policy of climate change and diversity, “solidarity, equality, sustainability,” is solidarity, equality, sustainability. “

The collection was the first opportunity to meet with the best financial officials of Mr. Bessent’s global colleagues and European, China and Russia.

Mark Sobel, who served the treasury department for about four decades, called the matches to “a great mistake.” He noted that such meetings said the Trump administration was an opportunity for the determination of global priorities and discussing the world economy status and exchange rates.

“Trump Management and Scott Bessent are small in the international economic and financial system,” Mr. Sobel. “America will not make it bigger or safer.”

The G20 was established in 1999 as a forum to meet and discuss international economic issues and financial stability of finance ministers and central bankers after the Asian financial crisis.

The group’s meetings were awkward in recent years due to Russia and Western allies, including the tension on the war in Ukraine. However, the Trump management said he intends to take a different approach to Russia to discuss the end of the war.

Mr. Trump offered this week Ukraine may be responsible Ukrainian President Volodymyr Zelensky, Russia’s occupation and Wednesday, was sent to the social media “without elections”.

Mr Bessent will come to be frustrated and surprised in South Africa. This week, an official from the International Relations and Cooperation, was expected to attend meetings in Cape of the Treasury this week.

A spokesperson for Ms Bessent did not comment on Wednesday. Another person familiar with the situation said that Mr Bessent has been in contact with his international colleagues and has chosen to stay in the United States to pay attention to internal issues next week.

Diplomatic tensions between the United States and South Africa occurred as a surprising turning this year.

Mr. Trump in the beginning of this month ordered all External aid to South Africa has been suspended And the management of the management is the “African Refugee” by the Government of the country “African Refugees” by the “racial landowners” by the government “

Mr. Trump’s latest statements, South Africa President Cyril Ramaphosa was referred to the law that includes the law last month.

The law, known as the Expropriation Law, canceles an apartheid-period policy and allows the government to have a private land in public interest without paying compensation. This can only be done after the court hearing.