New Delhi, Oct. 14 -- United States Treasury Secretary Scott Bessent has accused China of "making provocative moves" and "financing war" as the trade tensions between the two countries escalate. In an interview recently, Scott Bessent had also accused China of seeking to harm the global economy.

The US Treasury Secretary's remarks came after China slapped sweeping new export controls in the rare earths. China is the world's leading producer of the minerals used to make magnets crucial to the auto, electronic and defense industries.

"The United States is pushing for peace in the world. China is financing war," he said.

In a TV interview to Fox News, Bessent said, "This is China versus the rest of the world. They announced these export c...