The Minister of Finance of the United States Scott Bessnt accused China of “provocative movements” and “financing war” because the tension of trade escaped between the two countries. In a recent interview, Scott Bessnt also accused China of finding damage to the global economy.
The US Minister’s notes came after China had saved new export checks on rare soil. China is the world’s leading producer of minerals used to produce magnets, key for car, electronic and defense industry.
“The United States promotes peace in the world. China funds war,” he said.
In a television interview with Fox News, Bessnt said, “This is China versus the rest of the world. They announced these export checks that will come into force next month, and we aggressively pushed them back against them. We are not sure where it came from, why the Chinese decided to do it now.”
He also said that the US is expecting support from Europe and India.
“China is an economy of command and control. They will not control us (or). We will promote our sovereignty in different ways. We have already been in contact with the Allies. This week we will meet them and know that I will get considerable global support from Europeans, Indians, democracy in Asia.”
“Trying to get a leverage effect before meeting Donald Trump is a bad idea and turned tables with his two very good tweets on Friday and talked about increasing tariffs and introducing any sanctions we need,” the secretary continued. “But now we are communicating. I am convinced that we can move forward.”
He also said that Chinese checks signaled problems in his own economy. “They are in the middle of the recession/depression and try to export from it.”
The Chinese announcement last week triggered a sharp reaction to US President Donald Trump, who announced 100% tariff on Chinese goods from November 1. There was also a risk of canceling the planned meeting with Chinese President Xi Jinping at this month in Asia-Pacific Economic Cooperation (APEC).
Trade tension between Washington and Beijing ruled Trump in the second Presidency, with the duties of the tit-for-pat at one point of triple level.
Meanwhile, both countries have been tension, but the ceasefire remains shaken.
On Sunday, China accused the United States of “double standards” after Trump threatened other tariffs. The American leader later insisted that he wanted to “help China, not to hurt her”.
On Tuesday, China said it was ready to “fight until the end” in the Trade War with the United States, shortly before the new wave of American wood tariffs came into force.
(Tagstotranslate) China
