China has been an "unreliable partner," Bessent says

• It underlines concerns that the deal may not be lasting and may have only postponed trade tensions, rather than solving them.

Catch up quick: President Trump announced a framework trade deal with China early Thursday, which included one-year truces for export controls on rare earth minerals and some chip technology, and a Chinese commitment to buy U.S. soybeans.

• Just a day later, Chinese leader Xi Jinping, at a summit in Asia, cautioned the world's nations against taking the U.S. side in the ongoing dispute.

What they're saying: "We don't want to de-couple from China but we need to de-risk. They've shown themselves to be an unreliable partner in many areas," Bessent said in an interview with CNN's "State of the Union."

Between the lines: Bessent made clear the biggest problem was getting out from under Chinese control of the rare earth minerals critical for hundreds of high-tech products.

• "It's China versus the world. They put it on the whole world, and the whole world pushed back," Bessent said of Chinese export controls.

• "We're going to go at warp speed over the next one to two years, and we're going to get out from under this sword the Chinese have over us — and they have it over the whole world," Bessent said.

What to watch: How — and if — the deal is implemented in the weeks and months to come.

• Recent truces haven't lasted more than a few months, and each collapse prompted a fresh wave of escalation.

Go deeper: Trump cuts China tariffs after promises from Xi on rare earths, soybeans