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Scott Bessent: “Free trade doesn't work if you have a gigantic state actor…”

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

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Published | Video Starts at 15:32

Well, the unfettered free markets have taken us to these gigantic trade deficits. They have allowed China. Yeah, all these things are not classic. Well, free, free trade was not fair trade. And Free trade doesn't work if you have a gigantic state actor who does not have the same system that you do. Same same thing. If we look at most favored nation for drug pricing, what the President realized, and this was his vision and no one else's for years, the US … (15:32–15:41)

CLAIM

Argues that free trade is ineffective with large state actors that operate under different systems.

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