Bessent mentioned seven price floor areas in a CNBC interview but did not name them.
Price Floors Across a Range of Industries
The discussion of price floors is in relation to the US trade war with China, especially rare earth metals.
However, it’s not just rare earths.
Treasury Secretary Scott Bessent said “We’re going to set price floors and the forward buying to make sure that this doesn’t happen again. And we’re going to do it across a range of industries.”
CNBC reports Trump administration will set price floors across range of industries to combat China, Bessent says
“When you are facing a nonmarket economy like China, then you have to…
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