Top U.S. officials say China’s latest rare earths export restrictions amount to a "global supply chain power grab.”

Scott Bessent says Chinese top trade envoy came to Washington uninvited - US treasury secretary says Li Chenggang was ‘unhinged’ and ‘disrespectful’ during visit to DC in August

Bessent has steadily grown into his role as Trump’s market whisperer over the past nine months and was more tempered than Greer.

The top Trump official said China's rare earth export controls were "clearly something that they were planning all along."

US Treasury Secretary Scott Bessent lashed out at a top Chinese trade official, saying he turned up in Washington recently uninvited and behaved in an “unhinged” fashion typical of Beijing’s so-called wolf warrior diplomats.

The Trump administration will seek to tighten control over strategic sectors by taking more equity stakes in key companies to counter China's economic policies and export restrictions, Treasury Secretary Scott Bessent said on Wednesday.

FREE TO READ] US Treasury secretary tells FT that Beijing’s export controls are ‘a sign of how weak their economy is’

US Treasury Secretary Scott Bessent predicted a coordinated response to China’s move from the US and several allies including Australia and Canada.