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Scott Bessent: “This rare earth export control is a sign of decoupling.”

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

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Published | Video Starts at 08:00

And part of this investment boom that we're seeing is President Trump wanted to reshore and part of the reshoring is strategic. So we don't want to decouple with China. I don't believe they want to decouple. But This rare earth export control is a sign of decoupling. But we need them, don't we? Sorry? We need those rare earth minerals, don't we? We do. I mean that's leverage that they have on us. (08:00–08:05)

CLAIM

Asserts that China's rare earth export control indicates economic decoupling.

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