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Scott Bessent: “Today, the United States still imports most of its rare…”

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 05:00

Suddenly, the world's most advanced economy found itself partially dependent on foreign suppliers for semiconductors, large capacity batteries, critical minerals and medicines that we no longer produced here at home. Regrettably, our recovery from the pandemic did not bring reform under the prior administration. 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 of the active pharmaceutical ingredients that we use in the United States are made here. (05:00–05:13)

CLAIM

Asserts that the U.S. imports most of its essential rare earth minerals.

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