Bessent Criticizes China’s Rare Earth Export Controls: ‘They Want to Pull Everybody Else Down With Them’

U.S. Treasury Secretary Scott Bessent warns that China, with its weak economy, aims to drag others down—starting with its rare-earth export controls. Meanwhile, the U.S. trade representative hints at countermeasures and possible tariff hikes, depending on Beijing’s next moves. China’s recent actions are straining the country’s …