'Scandalous’: top economist Jeremy Siegel warns U.S. sleepwalked into rare-earths crisis as China tightens its grip

nation • 10/13/2025

The Wharton professor says Washington ignored the mineral threat for decades, leaving U.S. supply chains exposed and Beijing in control of 90% of global refining.

But Treasury Secretary Scott Bessent said Monday that President Donald Trump will still meet China’s Xi Jinping later this month and is ready to respond “with whatever it takes” to counter China’s export restrictions. Bessent, speaking in a Fox Busin... [3277 chars]