Geopolitics

Tariffs, Iran and $40 trillion debt: Bessent faces major G20 diplomacy test - Latest news from Azerbaijan

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DW NOTE

Bessent faces a G20 where every major economy is trying to offset the energy-cost shock of a closed Strait while Washington runs a 6%-of-GDP deficit and refuses to acknowledge that inflation is a fiscal problem. The $40 trillion debt figure is window dressing — the real issue is that markets are pricing complacency at a 14 VIX while oil has fallen 25% with the Strait still shut and Iran negotiations still unsigned.

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Tariffs, Iran and $40 trillion debt: Bessent faces major G20 diplomacy test - Latest news from Azerbaijan

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