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US threats to decouple from China only expose its own vulnerability

Talk about the pot calling the kettle black. After Beijing announced sweeping export controls last week on rare earths and other critical minerals, US Treasury Secretary Scott Bessent went ballistic. “Maybe there is some Leninist business model where hurting your customers is a good idea, but they are the largest supplier to the world,” he said. Someone from Beijing might have retorted that Washington has been running on some fascist business model whereby it is upending the entire global trade...


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