Trump's poodle threatens to take revenge on China by stopping imports! Having already obstructed them with massive taxes!
China has spent 17 years building its industry and international trade. It has the world's largest market for what it produces, and is the sole source of many essential materials.
American has done nothing to build alternatives to the rare earths and minerals it imports from Chjna.
Bessent is threatening to, um, stop making magnets, electric motors, EVs, batteries, and chips.
That will teach 'em, eh?
"Demetri Sevastopulo in Washington
Published 5 HOURS AGO
Treasury secretary Scott Bessent warned Beijing that its new sweeping export controls on rare earths and critical minerals would force the US and other countries to decouple from China.
Speaking alongside US trade representative Jamieson Greer at a news conference on Wednesday, Bessent said China was taking on the entire world with the regime"
FT.com
Trump wanted a trade war, created a trade war, has got a trade war, and is losing a trade war.
Dummy.