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Scott Bessent: “China issued a statement saying that for every good sold in…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Scott Bessent: 'We're reordering the global economy' | The Conversation

Published | Video Starts at 20:41

Has there been a rupture? Well, look, I think he's probably also talking about China using the rare earth choker collar. And you know, again, President Trump, on October 8, China issued a statement saying that for every good sold in the world that had 0.01% Chinese rare earths in it, they wanted an export license. It would have brought the global economy to a halt. President Trump threatened 100% tariffs and the Chinese came to the table and we did it. On behalf of the whole world. (20:41–21:03)

CLAIM

Asserts that China requires an export license for goods containing even a small percentage of Chinese rare earths.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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