Treasury Sec Threatens the World Decoupling from China Over Beijing Rare Earth Export Restrictions

Two top Treasury Department officials blast China over its export ban on rare earth minerals and threaten that the US may decouple in response. Treasury Secretary Scott Bessent stated that Washington sought to avoid escalating the trade war with Beijing. 

At a presser on Wednesday, Trade Representative Jamieson Greer told reporters that Beijing's new restrictions on exporting rare earths are a "global supply-chain power grab." Bessent added that the. . .