AMERICAN ECONOMIC STATECRAFT IN THE 21ST CENTURY
Thank you for the invitation to be here on this wonderful occasion.
As a long-time member of the Economic Club of New York, I know that it occupies a place of great significance in our nation’s discourse.
For generations, few institutions have done more to shape how we confront the defining questions of the day.
And yet, across all those years, tonight’s gathering is without precedent as we assemble on the eve of an extraordinary moment in our history.
Over the coming days, we will celebrate 250 years of the American story and the proposition with which it began: that a free people answer to no power but their own.
But milestones of this magnitude demand more than ceremony.
They ask something of us. They invite us to reflect on the creation of our country, of course, but no less, on its condition.
Indeed, the most fitting way to honor those who founded this nation is to meet the great challenges of our own time with the same resolve that they brought to theirs.
And in that spirit, under President Trump’s leadership, the U.S. Treasury is working to restore economic security as the foundation that allows a nation to fulfill its most basic obligations.
In my remarks before the Economic Club of Dallas, I detailed how the structural vulnerabilities that we allowed to accumulate over time precipitated a drift into dependence.
And last month before the Reagan Library, I noted that under President Trump, America has awoken to the risks we can no longer ignore and is now attuned to the responsibilities we can no longer neglect.
So tonight, I would like to take the next step and describe our strategy for economic statecraft, by which I mean the disciplined use of America’s economic power in service of our sovereignty.









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