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US could hike tariffs if China backtracks on rare earths
US President Donald Trump's administration is prepared to raise tariffs on China if Beijing continues blocking rare earth exports, Treasury Secretary Scott Bessent warned Sunday (Nov 2). China announced Thursday it would suspend for one year the restrictions it imposed in October on rare earth materials and technologies, but Bessent voiced concern that Beijing had not always followed through on its commitments. "The Chinese have cornered the market (on rare earths) and, unfortunately, at times they proved to be unreliable partners," Bessent told Fox News Sunday. Although these metals are extracted in various ... (full story)
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- Nov 2, 2025 6:06pm Posted byFundamental Analysis206
