PolitiQuote

Discover video-sourced quotes by politicians

Scott Bessent: “Foreign subsidiaries forced technology transfer…”

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

Watch on YouTube

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

Published | Video Starts at 07:53

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. Beneath each of those outcomes lay an economic policy that became unmoored from our national strategy. (07:53–08:03)

CLAIM

Asserts that foreign subsidiaries have been compelled to transfer technology and face discriminatory practices.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


Scott Bessent

Discover more from

Scott Bessent

Report A Transcription Error

Please report any error in the automated transcription.

About PolitiQuote

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.

PolitiQuote is a service of Gigafact Foundation, a nonpartisan nonprofit advancing facts and information transparency, community by community.

Visit gigafact.org to learn more.