Amid escalating trade tensions with China over its export restrictions on rare earth minerals, U.S. Treasury Secretary Scott Bessent has said that Washington expects support from India and other allied nations.
In an interview to Fox Business on Monday (October 13, 2025), Mr. Bessent said “this is China versus the world”. “They have pointed a bazooka at the supply chains and the industrial base of the entire free world,” he said.
“China is a command-and-control economy. They are neither going to command [nor] control us. We are going to assert our sovereignty in various ways," he said.
"We have already been in touch with the allies. We will be meeting with them this week and, you know, I expect that we will get substantial global support from the Europeans, from the Indians, from the