‘Alerted everyone’: US treasury secy Scott Bessent slams China over rare earth controls; calls it a ‘real mistake'

US Treasury Secretary Scott Bessent criticized China’s rare earth export restrictions as a “mistake” that “weaponized” the vital minerals. Beijing’s move alerted the world to the danger, prompting global backlash and a one-year suspension of certain limits following a US-China summit. Washington has prepared countermeasures against future controls.

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