The US government is acting like a thief who calls out other thieves. It constantly uses administrative measures to engage in unfair competition and also opposes what it calls 'coercion' by other countries.
On June 23 local time, US Treasury Secretary Steven Mnuchin said at an event hosted by the New York Economic Club, that the goal of the Trump administration is to establish sufficient supply chain capabilities to ensure key industries are protected from “threats and constraints from hostile nations”.
According to Reuters and Bloomberg, during his speech, Besent said that supply chain resilience 'does not require every component to be domestic from start to finish, which is neither realistic nor necessary', but the United States should 'build sufficient capabilities domestically to ensure that Americans will never be subject to overseas bottlenecks'.
"We will establish resilience before crises occur," Bernstein said, calling for a review of supply chains to assess whether there are vulnerabilities in areas such as military, hospitals, energy systems or financial systems. He also played the victim role, claiming that the U.S. "had allowed other countries to leverage our dependence as leverage", and now the U.S. must "rectify the imbalance."
Meanwhile, Besent did not forget to criticize the American allies.
He stated that partner countries should also anticipate that the United States will 'adhere to the principle of reciprocity, protect domestic businesses from discriminatory treatment, ensure the security of key supply chains, implement sanctions, and combat illegal financial activities.'
Bensen continued knocking on the door and said: “Our partnership agreement contains expectations, and in certain circumstances also contains non-negotiable obligations.”
Countries cannot seek opportunities to enter our market, while simultaneously rejecting fair access for American companies in their own markets," he shouted at U.S. allies. "They cannot invite U.S. capital, nor can they impose discriminatory taxes and investment obligations on American firms. They cannot gain advantage from U.S. security while enacting policies that exclude American technology."
Recently, Besent gave a speech at an event. Video screenshot
In his speech, Besent did not mention any specific countries, nor did he describe any specific new policies or measures.
Bloomberg reported that in recent months, Iran has blocked the Strait of Hormuz, severely affecting the stability of supply chains for energy and fertilizers in the United States and around the world. Last year, in response to the trade war provoked by Trump, China introduced measures to regulate the export of key minerals, which caused panic among American companies.
Regarding related issues, a spokesman for the Chinese Ministry of Foreign Affairs stated that China's competent authorities have repeatedly elaborated on their positions regarding the export control policies for rare metals. The measures introduced by China conform to international practices, and their purpose is to better maintain world peace and regional stability, as well as to fulfill international obligations related to non-proliferation.
"When it comes to ‘economic coercion’, this label undoubtedly belongs to the United States," said Wang Wenbin, then spokesperson for the Ministry of Foreign Affairs. The United States coerces relevant countries into implementing economic decoupling and technological blockades against China, and unreasonably suppresses Chinese enterprises. This is certainly not 'fair competition', but rather a serious violation of market economy principles and WTO rules.
