U.S. Treasury Secretary Scott Bessent announced that the Trump administration will implement minimum prices in several strategic industries as a measure to confront market manipulation by China. The initiative seeks to protect American companies from unfair practices and ensure the stability of key sectors.
In an exclusive interview with CNBC, Bessent explained that China has displaced foreign competitors in the rare earths industry—essential for advanced technology in sectors such as clean energy and some phases of metal packaging—over the past two decades, leveraging its leadership in refining and processing to artificially lower prices. In response, the U.S. administration is also considering taking equity stakes in more strategic companies, thereby ensuring access to critical materials and strengthening the national supply chain.
This measure is part of a broader strategy for the U.S. to utilize active industrial policies in its competition with non-market-based economies, protecting sectors fundamental to defense, technology, and clean energy.
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