U.S. Vice President Warns, "There Will Be No Rewards or Friendship with Trump if You Rely on Hostile Countries’ Supply Chains"

[Financial News] U.S. Vice President JD Vance warned on the 3rd (local time) that those who invest in the United States will be rewarded, while those who do the opposite could face disadvantages.
Vice President Vance attended the launch of Foundry School at the Donald J. Trump Institute of Peace in Washington, D.C., and said, "As the president has demonstrated, we are willing to use carrots. We are prepared to tell foreign and American companies that invest and build in the United States that they will be rewarded and will find partners in the U.S. government."
Vice President Vance continued, "But if you move American jobs overseas or rely on unstable and, frankly, hostile countries for your supply chains, you will not receive the rewards offered under government policy, and you will not find a friend in the president or anyone else."
His remarks were interpreted as signaling that the Trump administration could penalize both American and foreign companies that choose a path contrary to what it considers the national interest, while pressuring them to invest in the United States under its “America First” policy.


Vice President Vance also said, "Industrial security is national security," adding, "Over the past 20 to 30 years, we have learned that if the United States does not have sufficient self-sufficiency in industry and manufacturing, our adversaries can exploit that weakness, leaving America much weaker."
Secretary of State Marco Rubio also delivered congratulatory remarks. "The United States made the terrible mistake of thinking that the ability to make things no longer mattered, and a few years ago we suddenly realized that we were dangerously dependent on foreign countries for all kinds of things we need," he said. "We are working across every sector to correct these mistakes."
Secretary Rubio explained that securing basic materials is important, saying, "That is why there is such a focus not only on access to critical minerals as raw materials, but also on processing capacity." His remarks underscored the need to raise the United States’ lagging industrial capabilities in response to China, which is far ahead in both the size of its critical-mineral reserves and its processing capacity.


Secretary Rubio added, "Another way is to develop the ability to actually produce things," saying, "We need to understand this process of reindustrialization."
Foundry School is a national program designed to train entrepreneurs, engineers and others needed to rebuild U.S. manufacturing.
It is part of Pax Silica, a key multilateral cooperation initiative led by the United States Department of State to build reliable supply chains. South Korea also participates in Pax Silica.
The Foundry School program was established through a partnership with Stanford University, and related programs are also offered by seven universities, including Ohio State University and Georgia Institute of Technology.
Founders and chief executive officers of leading companies will participate in the educational program. The State Department added, "Participants will come from South Korea, Japan, Taiwan and India, all of which are members of Pax Silica, and they will be taught everything needed to establish and operate world-class manufacturers."


[email protected] Reporter Lee Seok-woo Reporter