U.S. Treasury Secretary Scott Bessent confirmed on Oct. 15 that the United States will be using its investments in strategic industries to set “price floors” that will help shield those industries from price manipulation and market influence by the Chinese communist regime.
“For 20 years, anytime anyone in a market-based economy stood up a processor or refiner, China came in, cut [the] price, and put them out of business,” Bessent said on CNBC.
“So we’re going to set price floors and have forward buying to make sure that this doesn’t happen again. And we’re going to do it across a range of industries.”…
US Will Set Price Floors to Shield Strategic Industries From CCP Influence: Bessent
