Scott Besant
๐ค SpeakerAppearances Over Time
Podcast Appearances
So it's not just social spending that goes out the door never to be seen again.
We are pulling the rubber band back further and further so our economic potential gets bigger and bigger.
Well, I think it could be even bigger.
And the last time I joined you was in Sumter, South Carolina.
German company, but owned by an investor group in Texas.
So really an American company that went out a couple of years ago and talk about great foresight.
They saw what was coming with the Chinese, with the magnets.
So they went to Germany, acquired this company.
Company has production facilities in Germany.
They've come to Sumter, South Carolina for the first time in 25 years.
US on US soil made a rare earth magnet.
They're going to be producing a lot more.
We will be independent.
You can't have sovereignty without controlling your supply chain.
And we're seeing that again and again because after I was on your show, I went down to my hometown, Charleston, South Carolina.
Boeing is expanding their Dreamliner factory there by 50% due to all the new orders that President Trump drummed up as part of the trade deals.
Every one of the trade deals, not only are we getting tariff income, but we are also encouraging ag purchases, substantial industrial purchases.
And, Steve, on the other side, with President Trump's leadership and Jameson Greer's encyclopedic knowledge of trade, he has just gone through and cut out all the tariffs,
that our American exporters pay and all the non-tariff trade barriers.
So we saw a big, in the third quarter of GDP, first time in years, we saw a positive contribution to trade instead of a trade deficit.