Washington, Oct 15 (PTI) Treasury Secretary Scott Bessent on Wednesday said that the US will speak with its allies, including India, to prepare a "fulsome group response" to China's export restrictions on rare earth minerals.

China, which virtually holds a monopoly over the rare earth materials, recently announced further export controls for mining and processing the minerals, alleging that unnamed foreign firms are using its supplies for military purposes.

Beijing’s move angered US President Donald Trump, who threatened 100 per cent tariffs against Chinese goods.

"We’re going to be speaking with our European allies, with Australia, with Canada, with India and the Asian democracies," Bessent told CNBC on Wednesday.

"And we’re going to have a fulsome group response to this because burea

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