US Treasury Secretary Bessent said in an MSNBC interview that the current upheaval in global commerce does not represent the largest trade reset since 1935, arguing instead that the "China trade shock" retains that distinction. Bessent added that Micron Technology executives visited Washington this week and intend to invest about $200 billion, underscoring the scale of planned U.S. semiconductor expansion despite ongoing trade frictions.
US Tsy Sec Bessent: Don't Think This Is Biggest Trade Re-Set Since 1935 - MSNBC - Biggest Trade Re-Set Was The China Trade Shock - Micron Technologies Was Visiting This Week - Micron Is Going To 'Put In' $200 Billion
BESSENT: BIGGEST TRADE RE-SET WAS THE CHINA TRADE SHOCK BESSENT: DON'T THINK THIS IS BIGGEST TRADE RE-SET SINCE 1935
US Treasury Secretary Bessent: Micron is going to put in $200 bln.