global trade alliances
US Seeks Global Coalition Including India Against China's Rare Earth Export Restrictions
Oct 15, 2025 09:10 am CST
US Treasury Secretary Scott Bessent has announced that Washington is seeking support from global allies, including India, to counter China's new export restrictions on rare earth elements. Describing the situation as "China versus the world," Bessent outlined potential countermeasures while confirming that planned talks between President Trump and Chinese President Xi Jinping would still proceed ahead of a November trade deadline.
