As China and the United States accuse each other of provoking the latest escalation in trade tensions and disrupting the world economy, analysts say both share a goal in their war of words: applying maximum pressure until a deal is struck.
In the past few days, Washington has framed the recent flare-up in relations as “China versus the world”, with US Treasury Secretary Scott Bessent suggesting on Wednesday that Beijing’s restrictions on the export of rare earth elements unveiled last week made…