Treasury Secretary Scott Bessent on Friday delivered the Trump administration’s most sweeping statement yet of its economic-security doctrine, arguing that decades of bipartisan trade policy left the United States strategically dependent on foreign rivals and that the administration’s tariffs, industrial policies, and supply-chain measures are not a break with American tradition but an attempt to recover it.
The address, titled “While America Slept” and timed to the nation’s 250th anniversary, amounted to a comprehensive intellectual accounting of how the post-Cold War consensus on trade, globalization, and industrial policy had, in Bessent’s…
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