China, US stuck in cycle of trade disputes and truces, trade specialist says

US Treasury Secretary Scott Bessent slammed Beijing’s rare earth export curbs Wednesday as “China versus the world” as trade tensions mount. Speaking on FRANCE 24, Gavin Bade, trade specialist at the Wall Street Journal, explains that the US and China seem to be in a cycle of conflicts and truces on trade and ‘each and every time this happens there’s more risk to the global economy, more uncertainty for businesses and more wild rides for the stock market’.