🚨BIG BREAKING🚨
📊 U.S. Treasury Secretary Scott Bessent warned today that China’s dominance in global manufacturing—accounting for roughly 30 percent of total output—poses significant risks to both economic diversity and national security. Speaking at a policy forum in Washington, D.C., Bessent argued that such concentration creates vulnerabilities in critical supply chains, from semiconductors to pharmaceuticals. “Relying too heavily on a single nation for essential goods opens the door to disruption and geopolitical coercion,” he said. The Treasury chief called on Congress and industry leaders to collaborate on incentives that encourage reshoring and diversification, ensuring more resilient production networks worldwide.
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