China has driven foreign competitors out of business over the past two decades by using its market dominance to slash prices, Treasury Secretary Scott Bessent said.

Bessent accused China of trying to weaken the global economy by slapping export controls on resources vital for technology.

China has driven foreign competitors out of business over the past two decades by using its market dominance to slash prices, Treasury Secretary Scott Bessent said.

Top Trump administration officials, in an unusual staged attack, called China's plans to curb exports of rare earths "economic coercion".