U.S. Treasury Chief: Beijing’s Rare Earths Move Is ‘China vs World’

US Treasury Secretary Scott Bessent looks on as US Trade Representative Jamieson Greer (not pictured) delivers remarks on "Game Plan for US Investment" on the sidelines of the IMF/World Bank annual meetings at CNBC Invest in America Forum, in Washington, DC on October 15, 2025. (Photo by Brendan SMIALOWSKI / AFP)

U.S. Treasury Secretary Scott Bessent slammed Beijing’s rare earth export curbs Wednesday as “China versus the world,” vowing that Washington and its allies would “neither be commanded nor controlled.”

“This should be a clear sign to our allies that we must work together, and work together we will,” Bessent told reporters at a press conference. “We are not going to let a group of bureaucrats in Beijing try to manage the global supply chains.”

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