• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, October 14, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Bessent Points to US-China De-Escalation After Tariff Threats

Comfort Ampomaaby Comfort Ampomaa
October 13, 2025
Reading Time: 4 mins read
Comfort Ampomaaby Comfort Ampomaa
in USA
0
Trump Deems Zelenskyy’s Presence At Ceasefire Talks Unimportant

US Treasury, Secretary Scott Bessent.

US Treasury Secretary, Scott Bessent has said that the US and China had “substantially de-escalated” after a series of tit-for-tat trade moves that threatened to strain relations and trigger a new trade war between Washington and Beijing.

The comments came after Trump, angered by China’s October 9 decision to expand export controls on key rare earth minerals, announced an additional 100 percent tariff on Chinese goods set to take effect on November 1.

Speaking to a news agency, Bessent stated that there have since been “substantial communications” between the two sides, with additional staff-level meetings expected this week.

RelatedPosts

Trump Raises Prospect Of Another Trade War With China

Nobel Committee Criticised After Trump Misses Peace Prize

US Government Shutdown Persists For Ninth Day

“The relationship, despite this announcement last week, is good. Lines of communication have reopened, so we’ll see where it goes.”

Scott Bessent

He added that the “100 percent tariff does not have to happen” if the two sides work out their disagreements in negotiations.

Also, Bessent stated that he expected a planned meeting between Trump and Xi at the Asia-Pacific Economic Cooperation (APEC) forum in South Korea in late October to go ahead.

“He [Trump] will be meeting with [Communist] Party Chair Xi in Korea. I believe that meeting will still be on.”

Scott Bessent

He stressed that Trump and Xi have “a very good relationship” and suggested that Beijing’s latest policy on rare earth elements could have originated from a lower-level official rather than Xi himself.

ADVERTISEMENT

Despite the apparent rapprochement, Bessent slammed China’s new export controls as provocative and said that the US pushed back aggressively.

“They have pointed a bazooka at the supply chains and the industrial base of the entire free world. And, you know, we’re not going to have it. China is a command and control economy. They are neither going to command [nor] control us.”

Scott Bessent

US In Touch With Allies

Trump Tax Bill To Widen Deficits By $2.8T After Factoring In Economic Impacts
US Treasury Secretary, Scott Bessent.

He added that the US has been in touch with allies and expects support from the Europeans, India and allies in Asia.

He noted that the US also expects to get substantial support for its stance from Europe, India and democracies in Asia.

“I believe that China is open to discussion on this. And if they’re not, we have substantial levers on our own … side that we can pull.”

Scott Bessent

In the midst of tensions earlier this year, the United States imposed 12 countermeasures on China that were “highly” effective, ranging from natural resources used in plastic production to jet engines and parts, Bessent said.

The Treasury Chief also hinted at the possible expulsion of the hundreds of thousands of Chinese students now in the United States and other possible actions in areas of software, minerals and financial services if China does not back down. “We have plenty of straight, brute-force countermeasures that we can pull,” Bessent said.

China has defended its new export curbs, which require foreign companies to get Beijing’s approval to export products containing Chinese rare earth elements, and to disclose their intended use.

China’s Ministry of Commerce said the heightened restrictions were introduced in response to a series of US measures since the two countries’ trade talks held in Madrid, Spain last month, including Washington’s decision to blacklist Chinese firms and impose port fees on China-linked ships.

Beijing accused Washington of “provocative and damaging” actions and called Trump’s tariff threat a “typical example of double standards.”

China has a near monopoly over rare earth minerals, critical for the manufacture of technology such as electric cars, smartphones, semiconductors and weapons.

The US is a major consumer of Chinese rare earths, which are crucial for the US defence industry.

READ ALSO: GES Urges Parents to Accept Placements and Prepare Wards

Tags: Chinese goodseconomyScott Bessenttrade warTrump TariffsUS-China
Please login to join discussion
Previous Post

Sustainable Mining: British High Commission Hosts “Galamsey Speaker Series”

Next Post

NPP Presidential Primaries: Bawumia Most Marketed Candidate—Prof. Nortey

Subscription Form

Related Posts

Trump Rebuffs Putin’s Offer To Aid Israel-Iran Conflict Mediation
USA

Trump Raises Prospect Of Another Trade War With China

October 11, 2025
Trump Rebuffs Putin’s Offer To Aid Israel-Iran Conflict Mediation
USA

Nobel Committee Criticised After Trump Misses Peace Prize

October 10, 2025
U.S Senate Approves Debt Ceiling Deal
USA

US Government Shutdown Persists For Ninth Day

October 11, 2025
US, UK, Australia Impose Sanctions On Alleged Hamas-Affiliated Networks
USA

US Sanctions 50 Entities For Facilitating Iranian Oil Shipments

October 9, 2025
Former FBI Director, James Comey
USA

Comey Pleads Not Guilty To Charges Of Lying To Congress

October 8, 2025
Trump Gives Russia 50 Days To Reach Peace Deal Or Face Tariffs
USA

Trump Calls For Jailing Of Chicago Mayor And Illinois Governor

October 8, 2025
MzGee Opens up on Sabotage, Body Shaming
Entertainment

Broadcaster Condemns Silence Surrounding School Sexual Molestation

by Esther Korantemaa OffeiOctober 14, 2025
Zambian Delegation Explores Ghana’s Thriving Mining Sector
Extractives/Energy

Zambian Delegation Explores Ghana’s Thriving Mining Sector

by Bless Banir YarayeOctober 14, 2025
TUC’s Dr. Otoo Accuses Government of Betrayal on Galamsey Fight
General News

TUC’s Dr. Otoo Accuses Government of Betrayal on Galamsey Fight

by Silas Kafui AssemOctober 14, 2025
Qatari Emir Lauds Outcomes Of Sharm el-Sheikh Peace Summit
Asia

Qatari Emir Lauds Outcomes Of Sharm el-Sheikh Peace Summit

by Comfort AmpomaaOctober 14, 2025
Rising Gold Prices Power Ghana’s GoldBod Economic Strategy 
Extractives/Energy

Ghana Moves Closer to Ethical Gold Trade with Track-and-Trace System 

by Prince AgyapongOctober 14, 2025
Chairman of the National Development Planning Commission, Dr Nii Moi Thompson
General News

Uncompleted Projects Costing Ghana Big – NDPC Chair Demands Urgent Fix

by Evans Junior OwuOctober 14, 2025
MzGee Opens up on Sabotage, Body Shaming
Zambian Delegation Explores Ghana’s Thriving Mining Sector
TUC’s Dr. Otoo Accuses Government of Betrayal on Galamsey Fight
Qatari Emir Lauds Outcomes Of Sharm el-Sheikh Peace Summit
Rising Gold Prices Power Ghana’s GoldBod Economic Strategy 
Chairman of the National Development Planning Commission, Dr Nii Moi Thompson

Recent News

MzGee Opens up on Sabotage, Body Shaming

Broadcaster Condemns Silence Surrounding School Sexual Molestation

October 14, 2025
Zambian Delegation Explores Ghana’s Thriving Mining Sector

Zambian Delegation Explores Ghana’s Thriving Mining Sector

October 14, 2025
TUC’s Dr. Otoo Accuses Government of Betrayal on Galamsey Fight

TUC’s Dr. Otoo Accuses Government of Betrayal on Galamsey Fight

October 14, 2025
Qatari Emir Lauds Outcomes Of Sharm el-Sheikh Peace Summit

Qatari Emir Lauds Outcomes Of Sharm el-Sheikh Peace Summit

October 14, 2025
Rising Gold Prices Power Ghana’s GoldBod Economic Strategy 

Ghana Moves Closer to Ethical Gold Trade with Track-and-Trace System 

October 14, 2025
Chairman of the National Development Planning Commission, Dr Nii Moi Thompson

Uncompleted Projects Costing Ghana Big – NDPC Chair Demands Urgent Fix

October 14, 2025
Subscription Form
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.