Treasury Secretary Scott Bessent discusses the administration’s efforts relating to uncommon earth minerals, affordability within the U.S. and the state of the roles market throughout an unique sit-down interview with FOX Enterprise’ Edward Lawrence.
Treasury Secretary Scott Bessent informed FOX Enterprise’ Edward Lawrence that South Carolina’s new uncommon earth mineral processing heart will assist lower prices and break China’s “chokehold” on business.
In an unique sit-down interview, Bessent mentioned that the plant marked a producing comeback and can create jobs and ease costs as President Donald Trump’s economic system takes form.
Treasury Secretary Scott Bessent speaks to members of the media outdoors the White Home in Washington, D.C., on Wednesday, Nov. 5, 2025. (Eric Lee/Bloomberg through Getty Photos / Getty Photos)
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“This is the first magnet made in the U.S. in 25 years — we’re ending China’s chokehold on our supply chain,” Bessent mentioned.
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