China is in hot water as Bessent openly states that the nation "can't be trusted" amid a heating trade battle. This bold declaration comes at a time when:

• China's rare earth restrictions threaten U.S. industries.
• Beijing's new bans have sent global markets tumbling.
• Bessent argues that China's actions will backfire, hurting them the most.

As the trade fight escalates, the ramifications are profound, echoing across industries and economies. Here's the full scoop.