Scott Bessent: 'I Wouldn't Think That We Would Have Supply Chain Shocks' Due To China Cargo Shipments Fall

At a White House press briefing, Treasury Secretary Scott Bessent was sanguine about the supply chain amidst a fall in Chinese cargo shipping.

Transcript

00:00Thank you so much, Caroline. Thank you, Secretary.

00:02Back on China, does the administration anticipate

00:05supply chain shocks or supply shocks coming

00:09now that cargo shipments from China are significantly down?

00:13And if so, are there being plans or are there plans

00:16in the process of how to address that?

00:18I wouldn't think that we would have supply chain shocks.

00:22And I think retailers, they have managed their inventory

00:26in front of this.

00:28You know, I speak to dozens of companies,

00:31sometimes daily, but definitely weekly.

00:34And they know that President Trump is committed to fair trade

00:39and have planned accordingly.

00:41And then second question.