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flag US Treasury Secretary Scott Bessent accuses China of using rare earth export controls to destabilize the global economy, sparking trade tensions and supply chain concerns.

flag US Treasury Secretary Scott Bessent accused China of weaponizing rare earth exports to destabilize the global economy, following Beijing’s new restrictions on key materials vital for technology and defense. flag The move, framed by China as a national security measure, has heightened trade tensions and raised concerns among US allies about supply chain vulnerabilities. flag Bessent labeled the actions as strategic economic coercion, prompting warnings about overreliance on China and renewed efforts to diversify critical material sources.

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