U.S. takes over G20, promises bold Economic Growth agenda

By Kazeem Ugbodaga

The United States, U.S. on Monday formally assumed the Presidency of the Group of 20 (G20) for 2026, with the Trump administration announcing plans to steer the forum back to what it described as its “core mission” of global economic growth, innovation, and prosperity.

In a statement issued by the Office of the Spokesperson, the administration said the U.S. presidency, which takes effect December 1, 2025, will prioritise deregulation, energy security, and technological advancement as the central pillars of its agenda for the world’s leading economies.

“Under President Trump’s leadership, we will return the G20 to focusing on its core mission of driving economic growth and prosperity to produce results,” the statement said.

The U.S. outlined three core themes for its presidency: unleashing economic prosperity by limiting regulatory burdens, unlocking affordable and secure energy supply chains and pioneering new technologies and innovations.

These priorities signal an economic agenda focused on lowering barriers for businesses, expanding energy production and distribution networks, and accelerating technological breakthroughs, an approach in line with the administration’s domestic economic philosophy.

The United States also announced that it will host the 2026 G20 Leaders’ Summit in Miami, Florida, marking a symbolic moment as the country celebrates its 250th anniversary.

The choice of Miami underscores the administration’s emphasis on global trade, tourism, and innovation, with the city serving as a gateway for transcontinental economic engagement.

The G20, comprising major advanced and emerging economies, represents approximately 85 per cent of global GDP and plays a central role in shaping international economic policy.

U.S. leadership traditionally carries significant influence over the group’s agenda, and the Trump administration has indicated its intention to recalibrate discussions toward economic fundamentals.