Ambassador Jamieson Greer warns Beijing’s “economic coercion" won’t derail the Trump administration’s effort to rebuild U.S. manufacturing and secure key supply chains.

U.S. Trade Representative Jamieson Greer said on Monday Washington will respond "appropriately to China's targeting of critical industrial sectors for dominance," but did not lay out specific follow up steps in his statement.

China has expanded its export rules on rare earths, requiring foreign firms to get approval for exporting products containing even small amounts of China-originated materials

Australia is capable of engaging with the Trump administration while stabilizing relations with China, Treasurer Jim Chalmers said, reiterating the center-left government’s policy of balancing the fractious superpowers.

The Trump administration has warned China not to retaliate against foreign companies that are helping the US to develop its critical industries. The warning comes after Beijing last week sanctioned the US units of a South Korean shipping giant over its plans to invest in the American maritime sector.

US President Donald Trump on Monday set the tone for his upcoming meeting with China's President Xi Jinping, saying the two countries would strike a “fantastic deal” — and warning that failure to reach an agreement could see China face potential tariffs of 155%.

As far as China is concerned, America started it. Earlier this week, US Treasury Secretary Scott Bessent blamed Beijing for the most recent blowup of ongoing efforts to resolve the trade war triggered by President Donald Trump.

A trade dispute involving a critical chip supplier to the auto industry has the potential to cause widespread shutdowns of global auto plants and could put upward pressure on prices that are already at record levels.