US treasury chief accuses China of ‘Leninist’ trade tactics

Oct 14th 2025 11:34am EDT

Scott Bessent has said Beijing’s export controls on rare earth minerals damage the global economy US Treasury Secretary Scott Bessent has said Beijing’s new export controls reflect a ‘Leninist business model’ that could backfire on China and slow global growth. Last week, China announced plans to expand export restrictions on certain strategic minerals with dual-use […]

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