China has gone rogue by putting export controls for rare earths and other commodities on the entire world. And of course, the U.S. has got to punch back. Scott Bessent is right, China is a command-and-control economy,

W HEN HE FIRES his trade weapons at China, President Donald Trump often appears to shoot from the hip. Officials in Beijing, by contrast, are said to deliberate much more, convening high-level meetings among ministries and regulators to determine their country’s next steps.

Beijing is stacking up its bargaining chips ahead of expected U.S.-China talks when Presidents Donald Trump and Xi Jinping visit South Korea's Gyeongju, announcing new export controls to tighten its grip over high-tech manufacturing supply chains.

Given this background, it becomes easy to understand how, in this scenario, China has become a global leader in the clean energy transition. Xi's speech did not go into much detail, but it did mention all the main points of China's strategy.

Xi Jinping’s need to project strength before a crucial meeting of Communist Party leaders may help explain why Beijing announced new rare earth controls.

A look at where things stand in the U.S.-China trade standoff:

Discover Wangxian Valley in Jiangxi, China—once a quarry, now a glowing cliffside wonder blending natural beauty, cultural design, and viral charm.

U.S. stock futures were back in the red Tuesday morning as global equity markets were caught up in another selloff. S&P 500 futures were off by 66 points, or 1%, at 6,627. Nasdaq-100 futures were off by 317 points,

Mr. Trump’s initial fury softened over the weekend, after his response led to the sharpest decline in stocks since April, when the president’s initial barrage of tariffs was announced. Still, his threat to slap an additional 100 percent tariff on Chinese imports was left dangling.

Trump administration officials work to stabilize U.S.-China relations after trade war threats, with President Donald Trump prepared to meet Xi Jinping.