Speech · Administration
Bessent at EXIM: economic statecraft as the new template for U.S. policy.
The Treasury Secretary tells the EXIM Annual Conference that public and private capital, aligned to reinforce national power, is now the operating model for decades to come.
Economic statecraft, in which public and private capital align to reinforce national power, forms an economic shield that protects supply chains, secures critical resources, and reinforces the resilience of the United States and its allies. This forms an economic shield, which will serve as the new template for U.S. policy for decades to come.
The EXIM speech is the most complete principal-level formulation of the doctrine in the record. Public and private capital aligned to reinforce national power. The phrase is the doctrine''s structural claim stated as administration policy, by the Treasury Secretary, at the institution that executes commercial diplomacy in export markets.
Read alongside the IIF speech a year earlier, the architecture is now coherent. Bessent invited allies into the rebalancing in 2025. He defines the architecture they are now operating inside in 2026. The economic shield is the integrated working surface: supply-chain protection, critical-resource security, allied resilience, built by the instruments the rest of this file documents.