Secretary of the Treasury Scott Bessent delivered remarks at the APEC Economic Leaders’ Informal Dialogue, representing President Trump and the United States. In his speech, Bessent emphasized the importance of fair and secure trade and investment flows for shared prosperity in the region.
He stated, “I am honored to be here on behalf of President Trump to join fellow APEC economies in advancing a more connected and resilient region. Our shared prosperity depends on fair and secure trade and investment flows.”
Bessent highlighted the administration’s approach to international trade, saying, “Under President Trump’s leadership, the United States is rebalancing its trade relationships to build a stronger foundation for global growth. This ensures that each country operates on fair and reciprocal terms.”
He described a vision for a balanced global system based on transparency, market access, and fair competition. He also noted efforts to support growth across all APEC economies.
Addressing supply chain security, Bessent said, “We are taking decisive steps to secure and diversify global supply chains. From critical minerals and magnets to semiconductors and energy, the United States is investing with its trading partners to build resilient production networks that reduce dependence on vulnerable sectors. These efforts make supply chains more secure and reliable for all.”
He referenced actions taken early in the administration under emergency authorities: “Early in our Administration, President Trump recognized the emerging global crises that threatened economic stability. Exercising his authority under the International Emergency Economic Powers Act (or IEEPA), President Trump acted swiftly and decisively to confront these challenges.”
Bessent explained that U.S. efforts include balancing trade, curbing illicit fentanyl flows, and securing rare earth elements essential for modern supply chains. He described these measures as necessary for safeguarding global economic security.
He also pointed out increased public-private collaboration: “Additionally, the United States is strengthening public-private collaboration to unlock investment and innovation at scale. Through our work with APEC economies, many of whom are here today, we are seeing record levels of capital being invested into advanced manufacturing and technology sectors.”
Bessent acknowledged APEC economies as significant investors in the United States: “You are among the largest and fastest-growing sources of investment in the United States, which reflects your deep confidence in America’s economic strength and demonstrates how American markets are powering mutual growth across the Pacific.”
He reiterated President Trump’s position that economic security equates to national security: “President Trump has made clear that economic security is national security. When supply chains are strong, markets are efficient, and competition is fair, every economy benefits.”
Bessent concluded by affirming U.S. commitment to working with APEC partners: “The United States stands ready to work with APEC partners to promote resilience, prosperity, and stability across the Pacific and beyond.”
