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Bessent says U.S. plans new Russia sanctions, ’everything’ on the table with China

Published 22/10/2025, 20:34
© Reuters.

Investing.com -- U.S. Treasury Secretary Scott Bessent said Wednesday that "everything is on the table" in discussions with China, as the U.S. considers potential responses to Beijing’s recent rare earth export restrictions.

Speaking to reporters, Bessent addressed questions about possible U.S. software curbs on China. His comments come as the Trump administration reportedly weighs a plan to restrict a wide range of software-powered exports to China, from laptops to jet engines.

The potential software restrictions would align with President Donald Trump’s earlier threat to bar "critical software" exports to China by limiting global shipments of items containing U.S. software or produced using U.S. software.

Bessent also announced that the U.S. will implement a "substantial pickup" in sanctions against Russia. The new sanctions will be announced either Wednesday or Thursday, according to the Treasury Secretary.

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