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China or the U.S.? Two Meetings Offer Competing Showcases of Global Power.

As Xi Jinping gathered with the leaders of Russia and Iran, Europe challenged the Trump administration at the G20, offering a split-screen view of a changing world.

Β© Vyacheslav Oseledko/Agence France-Presse β€” Getty Images; Sam Wolfe/Reuters

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Europe Protests as U.S. Invites Russian Minister to G20 Finance Meeting

The meeting, which China and Russia are attending, is focused on the ongoing economic shock from the war in Iran, which has driven up oil prices globally.

Β© Melissa S. Gerrits/Reuters

Treasury Secretary Scott Bessent and the Federal Reserve chairman, Kevin Warsh, in Asheville, N.C., before the summit. The International Monetary Fund has projected that global growth will slow this year and that inflation will rise.
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