Scott Bessent: “We're going to set price floors and the for forward buying…”

“And for 20 years, any time anyone in a market based economy stood up a processor refiner, China came in, cut price and put them out of business. So We're going to set price floors and the for forward buying to make sure that this doesn't happen again. And we're going to do it across a range of industries. I was going to say though, where do you stop? I mean pharmaceuticals are really important for national security.” (23:03–23:12)

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.