‘The agreement is that the magnets will flow freely, as they did before April 4,’ Bessent said.
Workers transport soil containing rare earth elements for export at a port in Lianyungang, Jiangsu Province, China, on Oct. 31, 2010. Stringer/Reuters
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U.S. Treasury Secretary Scott Bessent said on Nov. 16 that the government is expecting to finalize a Chinese rare earths deal by Thanksgiving, Nov. 27.
His remarks were made after news that Beijing was looking into a verified end-user system that would prohibit companies linked to U.S. defense from acquiring rare earths.
Catherine Yang is a reporter for The Epoch Times based in New York.
