U.S. Treasury Secretary Scott Bisent Discusses Potential Exclusion of Chinese Firms from U.S. Markets

In a recent interview with "Fox News," U.S. Treasury Secretary Scott Bisent indicated that the United States may consider removing Chinese companies from its exchanges if China fails to meet its commitments regarding the supply of rare earth minerals necessary for U.S. military-related firms.

Bisent expressed optimism that Washington aims to finalize a rare earth agreement with China by Thanksgiving, asserting confidence that Beijing will comply with the terms, despite ongoing trade tensions between the two nations.

In a related development, the secretary noted that China has initiated purchases of soybeans, committing to acquire 12 million tons this season and 25 million tons annually for the next three years, totaling 87 million tons. He viewed this as a positive sign for agricultural collaboration, even amid geopolitical disagreements.

Bisent's remarks come as the U.S. has repeatedly cautioned about China's potential use of rare earth minerals as an economic leverage point, particularly since these materials are vital for advanced defense and electronics sectors, underscoring their strategic importance to U.S. national security.