Treasury secretary Scott Bessent warned Beijing that its new sweeping export controls on rare earths and critical minerals would force the US and other countries to decouple from China.
Speaking alongside US trade representative Jamieson Greer at a news conference on Wednesday, Bessent said China was taking on the entire world with the regime.
“If China wants to be an unreliable partner to the world, then the world will have to decouple,” Bessent said. “The world does not want to decouple. We want to de-risk. But signals like this are signs of decoupling, which we don’t believe China wants.”
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