Just as the countdown to the CCP’s Fourth Plenum begins, Trump has officially announced: the U.S.–China trade war is back on! U.S. Treasury Secretary Bessent and Trade Representative Greer appeared side by side in a rare joint rebuke of Beijing, accusing the CCP of weaponizing rare earths to conduct “economic coercion” against the world. The United States, together with the EU, Japan, Australia, India, and other partners—seven countries in all—has launched an “Anti–Rare Earths Blockade Alliance” and is rebuilding supply chains.
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