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Scott Bessent: “Critical supply chains concentrate in jurisdictions that do…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Treasury Secretary Scott Bessent's America 250 Address: Economic Statecraft, Tariffs, and the Dollar

Published | Video Starts at 07:48

Of course, those assumptions failed to materialize fully. Some slowly, others all at once. In recent decades, we've watched strategic industries migrate abroad. Critical supply chains concentrate in jurisdictions that do not share our interests. Foreign subsidiaries forced technology transfer, discriminatory taxation and non market practices, discord, competition and American firms grow to global scale, only to become targets of policies designed to constrain or replace them. (07:48–07:54)

CLAIM

Asserts that critical supply chains are located in areas that do not align with U.S. interests.

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