US Treasury Secretary Scott Bisent Signals Potential Delisting of Chinese Firms Over Rare Earth Commitments

In a recent interview with Fox News, US Treasury Secretary Scott Bisent stated that the United States may consider removing Chinese companies from US stock exchanges if Beijing does not fulfill its commitments to supply rare earth materials to US military-related firms.

Bisent noted that Washington aims to finalize a rare earth agreement with China by Thanksgiving and expressed confidence that Beijing would adhere to the deal, despite escalating trade tensions between the two nations.

In this context, the Secretary revealed that China has already begun purchasing soybeans, agreeing to buy 12 million tons this season and 25 million tons annually over the next three years, totaling 87 million tons. This development is viewed as a positive sign for continued agricultural cooperation despite geopolitical differences.

Bisent's remarks come amid repeated US warnings that China could use rare earths as an economic leverage point, particularly since these materials are critical for the defense and advanced electronics industries, making them strategically important for US national security.