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 also accused China of seeking to harm the global economy.

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

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

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