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Scott Bessent: “Only a small share of the active pharmaceutical ingredients…”

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

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FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum

Published | Video Starts at 05:12

Today, the United States still imports most of its rare earth minerals that are essential to the technologies that will shape military and economic power in the 21st century. Only a small share of the active pharmaceutical ingredients that we use in the United States are made here. An American shipbuilding capacity which once helped to secure victory in war and prosperity and peace has shrunk to a fraction of global production. (05:12–05:22)

CLAIM

Asserts that the U.S. produces only a small share of its active pharmaceutical ingredients domestically.

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