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Scott Bessent: “Everyone knows in May, June, we were days away with these…”

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

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Scott Bessent: 'We're reordering the global economy' | The Conversation

Published | Video Starts at 18:17

They had four years and they sat on their hands. So for The President to use this, to use his emergency powers to keep us from getting into a position like we're in now. Because Everyone knows in May, June, we were days away with these rare earth magnets from substantial shutdowns in our auto assembly lines. Wait, can you just explain that one more time? You said the President is using his emergency powers to prevent us from getting into the situation that we're in now. (18:17–18:31)

CLAIM

Asserts that the U.S. was close to auto assembly line shutdowns due to rare earth magnet shortages.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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