US treasury secretary Scott Bessent criticised China’s decision to tighten control of rare earth exports, calling it a “mistake” that cautioned everyone.Reflecting on China’s decision to introduce new export restrictions in October, Bessent said the move had revealed Beijing’s willingness to weaponise rare earths, a group of minerals that are vital to defence systems, electric vehicles, consumer electronics and several other industries.
‘Rare Earths Dispute Settled’: Trump Drops Big China Trade Bombshell Aboard Air Force One
In an interview to Financial Times published on Saturday, Scott said, “China has alerted everyone to the danger. They’ve made a real mistake,” He further added, “It’s one thing to put the gun on the table. It’s another thing to fire shots in the air.”The restrictions quickly became a flashpoint in US–China trade discussions. Beijing’s…
