Treasury Secretary Scott Bessent on Tuesday laid out a doctrine of “economic statecraft,” telling the Economic Club of New York that the United States would wield its economic power “in service of our sovereignty” and warning that a country unable to produce what it needs “is not truly secure.”
Speaking at the club’s America 250 Gala Dinner on the eve of the nation’s 250th anniversary, Bessent organized the Trump administration’s approach around what he called five core principles, anchored by the argument that national strength begins at home with the capacity to build.
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