U.S. Treasury Secretary Scott Bessent states that Beijing wants to "pull everyone else down with it" through restrictions on critical mineral exports.

In an interview for the Financial Times, Scott Bessent stated that China is trying to weaken the global economy by imposing controls on the export of essential resources for the technology industry. These measures have been interpreted as an attempt to drag down other economies, which, according to Bessent, will also affect China in the future.