Months after slapping tariffs on nearly all its major trading partners, the United States is now seeking support from the same countries to break China’s curbs on rare earth minerals.

US Treasury Secretary Scott Bessent expects backing from India and European nations to counter Beijing’s tightening grip over the global rare earth supply chain — even as Washington maintains steep tariffs on Indian goods.

“It’s China versus the world,” Bessent said at CNBC International’s Invest in America forum, held on the sidelines of the IMF–World Bank meetings in Washington.

He stressed that the dispute was “not a US–China problem”, adding that the US does not seek to decouple from China but will not be swayed by short-term market pressures. “We won’t negotiate because the stock market is

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