Remarking on the ongoing U.S.–China dispute over rare earth exports, Treasury Secretary Scott Bessent said during an Oct. 15 press conference that if Beijing refuses to act as a reliable trading partner, the United States and its allies may have no choice but to decouple.
While emphasizing that decoupling—severing trade ties entirely or nearly so—is not Washington’s desired outcome, Bessent said it could become unavoidable given China’s posture in the current standoff over rare earths supplies.
He noted that U.S. auto manufacturers have recently reported slowed shipments of China-made magnets containing rare earth elements, with Chinese officials offering non-credible explanations for the delays….
US May Decouple From China If Rare Earths Dispute Persists: Bessent
