Bessent: China Is #1 Economic, Military Threat — Trump Moves to End Dependence
By Newsmax Wires | Friday, 09 October 2026 07:43 AM EDT
Treasury Secretary Scott Bessent warned that China represents America's greatest economic and military threat, saying the Trump administration is aggressively moving to reduce U.S. dependence on Chinese pharmaceuticals, semiconductors, and critical minerals despite recent trade agreements between President Donald Trump and Chinese President Xi Jinping.
In an interview with Newsmax's Greta Van Susteren at the network's NPolicy Summit in Washington, D.C., on Thursday, Bessent said the relationship with China presents an unprecedented national security challenge because Beijing is simultaneously a major trading partner and strategic adversary.
"Now, China is both. They're the biggest economic threat, and they're the biggest military threat," Bessent said emphatically.
The Treasury secretary contrasted today's relationship with China with the Cold War, when America's principal economic competitors were largely allies and the Soviet Union was its chief military adversary.
Bessent said the growing overlap between economic competition and national security has fundamentally changed his responsibilities at Treasury.
"Economic security is national security, national security is economic security," he said, explaining that the administration is prioritizing the protection of critical American supply chains.
But Bessent stressed that Washington is not seeking to end economic relations with Beijing. "We don't want to decouple from China. We need to de-risk," he said.
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READ MORE: https://www.newsmax.com/politics/scott-bessent-china-economy/2026/10/09/id/1272226/
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