The Trump administration is warning that it has a tranche of “countermeasures” that it can deploy to put pressure on China in response to its tightened export controls on rare earth elements.
Treasury Secretary Scott Bessent said this week that the United States government has a dozen different countermeasures that it is prepared to deploy, noting that the administration hopes it doesn’t have to pull those “significant levers” and expressed optimism about de-escalation.
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“We have plenty of straight brute-force countermeasures we can pull,” B