Treasury Secretary Scott Bessent accused China of trying to weaken the global economy by slapping export controls on resources vital for technology.
In an interview with the Financial Times, Bessent said the moves over rare earths and minerals are an attempt by China “to pull everyone else down with them.”
“If they want to slow down the global economy, they will be hurt the most,” he said.
The move by China comes just ahead of a scheduled meeting between President Donald Trump and China’s Xi Jinping.
It’s true China has its own issues. But the US started the chaotic trade war with poorly thought out policies and no plan.
orussell03 on
Every accusation is a confession
-SOFA-KING-VOTE- on
China’s trade surplus just reached $1T.
SiteTall on
China seems to be doing fine in most areas, and they have no immediate USE of America and its fickle president
Frequently_lucky on
American humor is like british humor, but without the sarcasm
.
jh937hfiu3hrhv9 on
But Chump was holding all the cards. Well except a low card like access to the ingredients for permanent magnets, laser rangefinders, missile guidance systems, radar, communication systems, magnetic resonance imaging, fluorescent lamps, LED lighting… No worries though, electric vehicles, wind turbines, defense technologies are consumer electronics are woke.
NaiveCryptographer89 on
These fucks won’t admit they caused the latest disaster with shitty economic theory that has failed before.
PhilPipedown on
The GOP has proven that they have no ability to govern. Everything is what-aboutism, blaming others, theft and punishment.
The fact that their base complains and obviously dislikes their local politics soooo much, and yet thinks that the solution to the country’s problems is to spread poor education, wage disparity, and ghost towns is insane.
Trump has systematically destroyed elements of what makes this country great. Crazy timeline
ButterPotatoHead on
Oh this is nonsense, I don’t like Bessent but he’s smarter than this. This is just the administration trying to play their losing hand in the trade wars.
China has an effective monopoly on rare earths and Trump keeps fucking with them so they’re starting to pull out the big guns. This is one of them and not their only one.
10 Comments
Treasury Secretary Scott Bessent accused China of trying to weaken the global economy by slapping export controls on resources vital for technology.
In an interview with the Financial Times, Bessent said the moves over rare earths and minerals are an attempt by China “to pull everyone else down with them.”
“If they want to slow down the global economy, they will be hurt the most,” he said.
The move by China comes just ahead of a scheduled meeting between President Donald Trump and China’s Xi Jinping.
More details: [https://cnb.cx/3J3EM3V](https://cnb.cx/3J3EM3V)
It’s true China has its own issues. But the US started the chaotic trade war with poorly thought out policies and no plan.
Every accusation is a confession
China’s trade surplus just reached $1T.
China seems to be doing fine in most areas, and they have no immediate USE of America and its fickle president
American humor is like british humor, but without the sarcasm
.
But Chump was holding all the cards. Well except a low card like access to the ingredients for permanent magnets, laser rangefinders, missile guidance systems, radar, communication systems, magnetic resonance imaging, fluorescent lamps, LED lighting… No worries though, electric vehicles, wind turbines, defense technologies are consumer electronics are woke.
These fucks won’t admit they caused the latest disaster with shitty economic theory that has failed before.
The GOP has proven that they have no ability to govern. Everything is what-aboutism, blaming others, theft and punishment.
The fact that their base complains and obviously dislikes their local politics soooo much, and yet thinks that the solution to the country’s problems is to spread poor education, wage disparity, and ghost towns is insane.
Trump has systematically destroyed elements of what makes this country great. Crazy timeline
Oh this is nonsense, I don’t like Bessent but he’s smarter than this. This is just the administration trying to play their losing hand in the trade wars.
China has an effective monopoly on rare earths and Trump keeps fucking with them so they’re starting to pull out the big guns. This is one of them and not their only one.