What Happened
Bessent Says America Was Asleep On Economic Security For Decades
US Treasury Secretary Scott Bessent has argued that President Donald Trump’s economic policies are helping to reverse decades of policy failures that left the US vulnerable and too dependent on adversaries, including China. Bessent stated that America has long been ‘asleep’ and that Trump’s tariffs and efforts to rebuild US supply chains will correct past mistakes. The remarks were made in a speech at the Ronald Reagan Presidential Library in Simi Valley, California, as reported by Reuters.