Besent stated that key industries should be moved back to the homeland from China!

On August 13, US Treasury Secretary Besent completely rejected the feasibility of China's commitments to invest in the US under the trade agreement during an interview with Fox Business News.

Besent clearly stated

China's commitment of billions of dollars in the trade agreement "my feeling is impossible"

This means that the China-US trade agreement will not follow the model of the US-Japan or US-South Korea agreements by including investment commitments.

Besent named the areas that need to be withdrawn from China

Which are related to US economic security and supply chain resilience:

The US is indeed strong in the chip design field

It holds 66% of the global IP cores and 73% of the logic chip market share. However, it is not superior in the manufacturing stage

Wafer manufacturing: China accounts for 27%, while the US only 10%;

Packaging and testing: China accounts for 28%, while the US is almost zero. The US invested 3.3 billion USD in the CHIPS Act

By 2030, it can only get 20% of the global advanced logic chip capacity. TSMC's Arizona plant plans to mass-produce 2nm chips, but the technical team and process formulas are all moved from Taiwan, China.

Battery: 70% rely on imports

The US claims to be "freeing itself from reliance on Chinese batteries," but its body is honest:

From January to June 2025, 70% of lithium-ion batteries were imported from China; even if 100 billion USD is invested in battery factories, 83% of cathode materials and 67% of anode materials this year still depend on China's supply.

Trump's 155.9% tariff ultimately forces American consumers to pay for "domestic manufacturing."

Pharmaceuticals: 90% of raw materials rely on imports

90% of generic drugs and 80% of amoxicillin raw materials are controlled by China.

Rebuilding the raw material drug industry will take at least 5-10 years;

More ironically, seven out of ten raw materials of India's "world pharmacy" also come from China

Rare earths are even more obvious, the US basically starts from scratch.

Besent's "bringing back" theory is essentially a reflection of the US high-level on the previous round of tariff war. Before the war, they were confident, but after the war, they found the strength of the Chinese supply chain [light bulb]

Original: www.toutiao.com/article/1840327312248137/

Statement: This article represents the views of the author himself.