Bessent: China Has Been 'Unreliable Partner'

Treasury Secretary Scott Bessent warns of the U.S.'s over-reliance on China for critical minerals, urging diversification to protect national security. He announces a new initiative to form supply chains with Western and Asian democracies, including India. Despite a one-year suspension of China's rare-earth export controls, Bessent cautions that the situation remains risky, with previous agreements falling apart quickly. The coming months will reveal if these new partnerships can withstand pressure and if the U.S. can achieve lasting independence in critical minerals. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.