The United States Minister of Finance, Scott Bessnt on Wednesday, October 15, 2025, rejected the idea that the decline in the stock market would force Trump’s administration to a negotiating position with Beijing in the middle of the impending tension over the trade war between the US and China.
Finance Minister Bessnt stressed that such negotiations and discussions with the Asian nation are primarily driven by national economic interests than market movements.
The US will not negotiate with China “Because the stock market is falling,” Bessnt said on Wednesday.
Bessnt about Chinese mineral policy of rare soils
Finance Minister Scott Bessnt said on Wednesday that he predicts the coordinated global reaction of the United States and its Allied nations to the Chinese step to limit the export of rare soil minerals to other countries, Bloomberg reported.
“We will have a Fulsome, a group reaction, because bureaucrats in China cannot control a supply chain or production process for the rest of the world,” said Beissent at the forum hosted by the CNBC in Washington.
The Minister of Finance also said that “all my counterparts” will be present in Washington at the annual International Monetary Fund (IMF) and World Bank.
“We will talk to our European allies, Australia, Canada, India and Asian democracy,” he said.
According to an agency report, China also announced last week that foreign companies will now have to obtain approval from the Chinese government before balancing products containing even traces of certain elements of rare soils that come from China.
Us-China Business Speech, Trump’s Visit
Finance Minister Scott Bessnt said US President Donald Trump “is go” at a meeting with Chinese President Xi Jinping at the end of this month in South Korea.
According to Bessnt report, he said there was a “very good chance” that Trump was heading to Asia before Trump to meet his Chinese counterpart, Vice Přezir, Prime Minister Lifeng.
Bessnt expects to make commercial announcements during Asia Trump’s Asia Tour and said Donald Trump will also participate in the Southeast Asia Summit in Malaysia before going to Japan and South Korea, organizing the annual meeting of economic cooperation leaders in Asia.
(Tagstotranslate) Secretary of the Treasury (T) Donald Trump (T) Xi Jinping (T) Trade War (T) Minirals of Rare Provincial (T) Minister of the United States Treasury (T) Trump Administration (T)
