U.S.-China Trade Tensions Increase as Bessent Affirms U.S. Independence

U.S. Trade Representative Jamieson Greer criticized China’s recent rare earth export restrictions as a “global supply chain power grab,” with Treasury Secretary Scott Bessent calling it a provocation. In response, President Trump threatened 100% tariffs unless China retracts its export controls, while officials expressed cautious optimism for renewed negotiations and a unified response with allies.

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