US Treasury Secretary Scott Bessent, in a recent interview, said that China has allegedly made a ‘real mistake’ threatening to shut off the exports of rare earth minerals to foreign nations, as now the United States will potentially try to secure alternative supplies in the next two years, reported the news portal Financial Times on 31 October 2025. Also Read | Trump signs trade, rare earths deal with Japan PM Sanae Takaichi: 5 points

“China has alerted everyone to the danger. They've made a real mistake,” Scott Bessent told the news portal. “It’s one thing to put the gun on the table. It’s another thing to fire shots in the air.”

Did the US-China reach a deal?

According to the news portal's report, Scott Bessent said that both the US and Chinese leaders have reached an ‘equili

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