Scott Bessent: ‘We're reordering the global economy’ | The Conversation | The Conversation with Dasha Burns

Treasury Secretary Scott Bessent discusses the reordering of the global economy under President Trump, emphasizing fair trade and the return of investment and manufacturing to the U.S. Bessent addresses the administration's approach to tariffs, viewing them as tools for rebalancing trade and national security, citing successes in India and planned visits between President Trump and Party Chair Xi to strengthen the U.S.-China economic relationship. He defends the use of emergency powers to prevent national emergencies, particularly concerning rare earth magnets and semiconductors, and anticipates a strong economic year in 2026 due to the administration's policies. Bessent also touches on reforming the Fed and the importance of its independence.

Outlines

Part 1: Global Economic Reordering

Part 2: Foreign Policy, Security, and Trade

Part 3: International Relations and China

Part 4: Domestic Economy and Regulation

Part 5: Federal Reserve and Future Outlook

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Scott Bessent: ‘We're reordering the global economy’ | The Conversation

The Conversation with Dasha Burns

Part 1: Global Economic Reordering

Introduction to Reordering the Global Economy at the World Economic Forum

Rebalancing Global Trade and Tariff Impacts Under President Trump

Questioning Globalization and the Role of U.S. Leadership

Part 2: Foreign Policy, Security, and Trade

Greenland Framework and Reactions to Administration Messages

Tariffs, Trade Proposals, and European Reliance on Russian Oil

Market Reactions, Bond Market Influence, and Tariffs as National Security

Preventing National Emergencies: Rare Earths and Semiconductor Security

Part 3: International Relations and China

Canada, China, and the Global World Order Rupture

Newsom's Criticism, Personal Background, and Hypocrisy

US-China Economic Relationship and Equilibrium

Affordability, Tariffs, and the Chinese Business Model

Part 4: Domestic Economy and Regulation

Economic Outlook for 2026 and Criticisms of the Biden Administration

Responding to Criticisms and the Role of Government Regulation

Bank Deregulation, Lending Capacity, and Credit Card Rates

Part 5: Federal Reserve and Future Outlook

The Fed Chair Decision and Reforming the Federal Reserve

Fed Independence, Policy Implementation, and Growing Out of Debt

Surprises in the Treasury Secretary Role and National Security

Scott Bessent: ‘We're reordering the global economy’ | The Conversation

The Conversation with Dasha Burns

Part 1: Global Economic Reordering

00:00Introduction to Reordering the Global Economy at the World Economic Forum

Introduction to Reordering the Global Economy at the World Economic Forum

02:27Rebalancing Global Trade and Tariff Impacts Under President Trump

Rebalancing Global Trade and Tariff Impacts Under President Trump

04:47Questioning Globalization and the Role of U.S. Leadership

Questioning Globalization and the Role of U.S. Leadership

Part 2: Foreign Policy, Security, and Trade

07:37Greenland Framework and Reactions to Administration Messages

Greenland Framework and Reactions to Administration Messages

10:35Tariffs, Trade Proposals, and European Reliance on Russian Oil

Tariffs, Trade Proposals, and European Reliance on Russian Oil

13:40Market Reactions, Bond Market Influence, and Tariffs as National Security

Market Reactions, Bond Market Influence, and Tariffs as National Security

16:23Preventing National Emergencies: Rare Earths and Semiconductor Security

Preventing National Emergencies: Rare Earths and Semiconductor Security

Part 3: International Relations and China

19:32Canada, China, and the Global World Order Rupture

Canada, China, and the Global World Order Rupture

22:23Newsom's Criticism, Personal Background, and Hypocrisy

Newsom's Criticism, Personal Background, and Hypocrisy

24:22US-China Economic Relationship and Equilibrium

US-China Economic Relationship and Equilibrium

27:52Affordability, Tariffs, and the Chinese Business Model

Affordability, Tariffs, and the Chinese Business Model

Part 4: Domestic Economy and Regulation

30:42Economic Outlook for 2026 and Criticisms of the Biden Administration

Economic Outlook for 2026 and Criticisms of the Biden Administration

32:36Responding to Criticisms and the Role of Government Regulation

Responding to Criticisms and the Role of Government Regulation

35:03Bank Deregulation, Lending Capacity, and Credit Card Rates

Bank Deregulation, Lending Capacity, and Credit Card Rates

Part 5: Federal Reserve and Future Outlook

37:32The Fed Chair Decision and Reforming the Federal Reserve

The Fed Chair Decision and Reforming the Federal Reserve

40:38Fed Independence, Policy Implementation, and Growing Out of Debt

Fed Independence, Policy Implementation, and Growing Out of Debt

44:05Surprises in the Treasury Secretary Role and National Security

Surprises in the Treasury Secretary Role and National Security