Walter Russell Mead appears on Fox Business to discuss United States Treasury Secretary Scott Bessent’s recent speech, which explained that the US is in danger due to its reliance on unfriendly countries for semiconductors and other key imports. Mead says the speech signifies a focus on a rebalanced approach to American trade policy in the unstable era of world politics.
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BYD’s chip Xuanji A3 is displayed during the 2026 World AI Conference on July 17, 2026, in Shanghai, China. (Getty Images)