'China in middle of recession': Scott Bessent accuses Beijing of controlling tech resources
US Treasury Secretary Scott Bessent accused China of undermining the global economy with export controls on rare earth minerals, suggesting it stems from Beijing's own economic struggles. These actions, coinciding with planned US tariffs and export controls on software, escalate trade tensions ahead of a potential Trump-Xi meeting and have rattled financial markets.
US Treasury Secretary Scott Bessent accused China of undermining the global economy with export controls on rare earth minerals, suggesting it stems from Beijing's own economic struggles. These actions, coinciding with planned US tariffs and export controls on software, escalate trade tensions ahead of a potential Trump-Xi meeting and have rattled financial markets.
