Trump admin slams China’s 'global power grab' on rare earths, threatens triple digit tariffs

Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer spoke on Wednesday about what they refer to as a "global power grab" by China.The Trump administration officials held a press conference during which they said they are "constantly focused on the Chinese chokehold on the world of rare earth and rare earth materials."Bessent insisted that Washington did not want to escalate a trade conflict with China, stressing that President Donald Trump is ready to meet Chinese President Xi Jinping in South Korea later this month.When asked by FOX Business' Edward Lawrence if there