Stock market volatility won’t influence the United States’ decision to respond with “strong measures” against Beijing’s aggressive move to restrict rare earth exports, U.S. Treasury Secretary Scott Bessent said on Oct. 15.
“If we have to take strong measures against the Chinese, we won’t negotiate because the stock market is going down; we will negotiate because we are doing what is best economically for the U.S.,” Bessent said on CNBC.
Bessent was responding to a Wall Street Journal report that noted Beijing may be hoping for a repeat of the April stock market dip, believing it would force U.S. President Donald Trump’s hand….