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

The last week could just be a preview to China weaponizing its entire supply chain, the investor told Fortune.

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

U.S. Treasury Secretary warns of China's economic threats, seeks support from allies like India amid escalating trade tensions.

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".

As the trade war continues to escalate, China has hit back at Trump by suspending exports of rare earth minerals.

Beijing last week announced sweeping controls on rare earths ahead of an expected meeting between President Donald Trump and President Xi Jinping.

China holds a near-monopoly in the processing of the elements crucial for making everything from smartphones to fighter jets.