Bannon`s War Room Episode 4909: Making The US The Dominant Player To Build Manufacturing
Nov 7, 2025
Scott Besson, former Treasury Secretary, delves into the critical topic of reshoring U.S. manufacturing. He highlights the importance of rare-earth magnets for national security amidst China's dominance. Besson discusses the impact of tariffs and tax cuts on capital investment and job creation, particularly in South Carolina. He emphasizes the role of manufacturing jobs in driving wage growth and affordability for families. Additionally, he explores the relationship between energy policy and industrial competitiveness.
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Rare Earths Are A Strategic Chokehold
- China controls the rare earth supply chain, creating a strategic chokehold on magnets used in jets, phones, cars, and medical devices.
- Scott Besson says U.S. facilities like Sumter, SC, are the first step to reclaiming supply-chain sovereignty.
First Magnet From Sumter As Symbol
- Scott Besson held the first magnet produced on the Sumter line and framed it as a deliverable to President Trump from local factory workers.
- He presented the facility as transforming a former soybean field into high-precision, national-security manufacturing.
Tariffs Plus Tax Cuts Drive Reshoring
- The Trump economic plan combines tariffs, tax incentives, energy dominance, and deregulation to reshore manufacturing and boost CapEx.
- Besson argues successful tariffs should lead to reshoring, higher payroll receipts, and ultimately lower tariffs.
