NATIONAL SECURITY_ Bessent: US Working at ‘Warp Speed’ to Reduce Reliance on Chinese Critical Minerals

THE EPOCH TIMES

Bessent: US Working at ‘Warp Speed’ to Reduce Reliance on Chinese Critical Minerals

The secretary said China has been an ‘unreliable supplier.’

Treasury Secretary Scott Bessent speaks with reporters outside the West Wing of the White House in Washington on Oct. 22, 2025. Jim Watson/AFP via Getty Images

Catherine Yang
11/2/2025|Updated: 11/2/2025


U.S. Treasury Secretary Scott Bessent said on Nov. 2 that the United States is aiming to achieve supply chain independence from China on critical minerals within a year or two.

“The U.S. has been asleep at the switch, and now this administration, we’re going to go at warp speed over the next one, two years, and we’re going to get out from under the sword that the Chinese have over us—and they have it over the whole world,” Bessent said on CNN’s “State of the Union.”

On Oct. 9, the Chinese regime announced sweeping restrictions on rare earth minerals sourced from China that were broadly considered to have a disruptive effect on global trade. Bessent said the licensing regime covered products containing 0.1 percent of several rare earths, making the controls “China versus the world."

International bodies joined the United States in calling on China to reverse the measures. On Oct. 30, U.S. President Donald Trump sat down with Chinese regime leader Xi Jinping, after which Beijing agreed to pause the controls for one year.

Countries around the world have accelerated efforts to diversify the critical minerals supply chain away from China, with scores of government initiatives, investments, and deals announced in the weeks since Beijing’s restrictions.

“This time, we have rallied the allies. And so it is going to be all the Western democracies, the Asian democracies, and India are also going to join us in this, in trying to form our own supply chains,” Bessent said. “We don’t want to decouple from China, but we need to de-risk—they’ve shown themselves to be an unreliable partner in many areas."

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READ MORE: https://www.theepochtimes.com/us/bessent-us-working-at-warp-speed-to-reduce-reliance-on-chinese-critical-minerals-5938674?ea_src=frontpage&ea_med=section-2

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