US Treasury Secretary Scott Bessent says: China has alerted everyone to danger, they have …

China’s attempt to leverage rare earth mineral exports backfired, prompting the US and allies to secure alternative supplies. Treasury Secretary Scott Bessent stated Beijing’s “economic coercion” unified Western economies. Following global backlash, China suspended export controls, but its leverage is diminishing as diversification efforts accelerate. RAI Image for Representation China’s move to tighten control over rare earth mineral exports has backfired, prompting the United States and its allies to ramp up efforts to secure alternative supplies of the critical materials, so says US Treasury Secretary Scott Bessent. Talking to Epoch Times, Bessent said that Beijing “made a real mistake” by…